Marc Filippino

Antoine Garr is the FT's private equity and deals editor.

Thanks, Antoine.

Before we go, Kevin Warsh's long-anticipated day is finally here.

He's Trump's pick to be the next head of the Federal Reserve, and today the U.S.

Senate Banking Committee will begin confirmation hearings.

But Warsh isn't a sure bet.

One Republican said he won't give the green light until the Department of Justice drops its criminal probe into current Fed Chair Jay Powell.

Powell, for his part, said he will stay on as chair if Warsh is not confirmed by the time his term ends next month.

You can read more on all these stories for free when you click the links in our show notes.

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