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flag Trump may sue Fed nominee Warsh over rate pressures; confirmation delayed amid independence concerns.

flag Treasury Secretary Scott Bessent said President Trump would decide whether to sue Kevin Warsh, his Federal Reserve nominee, if Warsh resists pressure to cut interest rates. flag The comment followed Trump’s joking remark about suing Warsh, which he later called a joke. flag Bessent emphasized the decision rests with the president, not the Justice Department, amid concerns over political interference. flag The Fed’s independence is under scrutiny due to a Justice Department investigation into former Chair Jerome Powell over a $2.5 billion building renovation, prompting Senate Republicans and Democrats to delay Warsh’s confirmation until the probe concludes.

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