Kimberly Adams

But I think like with any Fed candidate, it will be compelling.

I think we've lost Rachel there.

But, you know, since she talked about him as a Fed candidate, Catherine, I want to follow up with you in terms of his prospects in Congress, because Kevin Hassett, who a lot of folks thought was going to get the nod, turned out to have a lot of opposition in Congress.

As I think Rachel mentioned before, Warsh has been around for a long time.

He has relationships on the Hill.

He has passed through a confirmation hearing before, albeit with different people, of course, or many different lawmakers sitting in the seats that would be there to confirm him or judge him.

So I generally don't think he as a candidate, per se, will have a lot of problems.

The one thing that may complicate his path to the Fed chairmanship is the fact that there is still this ongoing investigation, criminal investigation of Jerome Powell, the current Fed chair, which has been

as far as I can see, is purely political, but listeners can judge for themselves.

And Senator Tom Tillis, who's a retiring senator, he's a Republican from North Carolina, he sits on the committee that handles Fed nominations, has said that he will oppose any Fed confirmation, including that of the chair, who he seems, you know, he seems to like Warsh, but he has said that he will oppose any nomination, any confirmation all the same,

unless and until this Powell investigation is dropped and closed with some transparency, that basically this should not be hanging over the process going forward.

This is political.

This investigation of Powell compromises the political independence of the institution of the Federal Reserve itself.

So that's not specific to Warsh, I should be clear, but it may be something that complicates his path

to a confirmation.

All right.

Catherine Rampell of MSN Now and The Bulwark, thanks so much.

We also had Rachel Siegel earlier at The Washington Post.

Appreciate you.

Thanks, Kimberly.