Claire Jones

Elizabeth Warren, the most senior Democrat on the banking committee, didn't seem to like that very much.

There were also questions from her and others as to when Walsh planned to divest of some of his assets and what he planned to do with the proceeds.

On the detail, we didn't get that much information yesterday on what he tends to do about the rise in inflation we've seen due to the rise in energy prices that's resulted from the Iran war.

What we do know is that he's very, very interested indeed on what impacts the AI-induced boom that we're seeing right now will have on the US economy.

Most Fed officials think that it's gonna

What is next for Warsh in this nomination process?

There are a lot more hurdles.

Chief among them is the administration's criminal probe into Jay Powell.

Tom Tillis, who's one of the Republican senators on the banking committee, has said he won't allow Walsh to move forward to the Senate floor until the probe against Powell is dropped.

There's no signs from the White House or from the Department of Justice that that's going to happen anytime soon.

Having said that, once the probe does go away, you know, his hearing was very confident.

He's clearly got a lot of relevant experience.

And the sense you get is that eventually he is going to get a majority in the Senate and he is going to be confirmed as the next Fed chair.

But there's still a way to go.

Thanks, Mark.

Thanks a lot.

Thanks a lot for the opportunity to ask the question and for making time to do this today.

You mentioned at the Economic Club of Minnesota yesterday that this is costing U.S.

taxpayers $600 billion in fraud.

What's your kind of