NEWS / Economy

Kevin Warsh's Fed Chair Hearing Just Got Pushed Back. Here's What's Holding It Up

Published Apr 12, 2026

Share:

Summary:

The Senate Banking Committee delayed Warsh's hearing after the White House missed the deadline for his financial paperwork.
Warsh is married to Estee Lauder heir Jane Lauder, worth about $1.9 billion, making the disclosures unusually complex.
Fed Chair Jerome Powell's term ends May 15, leaving a shrinking window to get Warsh confirmed.

Kevin Warsh was set to sit in front of the Senate Banking Committee on April 16. That's not happening now.

The White House couldn't get his paperwork in on time. The forms - which cover his wealth, his wife's wealth, and an ethics deal - are taking longer than usual for one reason: the Lauder fortune.

The Money Problem

Warsh is married to Jane Lauder, an heir to the Estee Lauder family worth about $1.9 billion. When he last ran for a Fed role in 2006, his forms listed nearly 1,200 assets - most of them hers.

That takes time to sort through. The committee won't set a date until the paperwork lands.

A Political Block Too

Even if the forms show up fast, there's a second wall. Senator Thom Tillis says he'll block any vote on Warsh - or any Fed pick - until the DOJ drops its probe into current Chair Jerome Powell.

The clash: the White House wants Powell gone and Warsh in by May 15. But the DOJ probe holding things up is one the White House itself pushed for.

What to Watch

The earliest hearing date is now April 21. Powell says he'd stay on as "chair pro tem" if Warsh isn't confirmed by May 15. The math is getting very tight.

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Recent News

June 16, 2026

GM Just Signed A Pentagon-Brokered Munitions Deal With Lockheed

June 16, 2026

SpaceX Just Spent $60 Billion To Fix Grok

June 16, 2026

Apartment Construction Plunged 40% In May

1 2 3 … 802 Next »

Blogs

Tech Stocks: A Simple Guide for New Investors

By Jackson Moreland

Tech stocks are companies in the information technology and related sectors, from software to chips to the internet giants.
They've driven much of the market's growth, but they can be volatile and richly valued.
The smart approach is to understand what you own and not let one sector run your whole portfolio.

What Is a Joint Stock Company? A Simple Guide

By Cierra Seay

A joint stock company is a business owned by many people, each holding shares of stock that represent a slice of ownership.
It's the basic idea behind every public company you can buy on the stock market today.
Owning a share makes you a part-owner, entitled to a piece of the profits and growth.

Capital Gains Tax in California: A Simple Guide

By Nate Gregory

Capital gains tax is what you owe when you sell an investment for more than you paid for it.
How long you held it matters: long-term gains are taxed more gently than short-term gains at the federal level.
Smart investors lower the bill with tools like tax-loss harvesting and holding for the long run.

Top Covered Call ETFs: How to Compare Them

By Nate Gregory

Top covered call ETFs are income funds that own stocks and sell call options against them to generate steady cash.
The best one for you is the fund whose income, holdings, and fees fit your goals, not simply the one with the flashiest yield.
They all share one trade-off: more income today, less upside in a big rally.

What Are Stock Options? A Plain-English Guide

By Milena Thomas

Stock options are contracts that give you the right, but not the obligation, to buy or sell a stock at a set price by a set date.
There are two kinds: calls (the right to buy) and puts (the right to sell).
Options can multiply gains or wipe out your money fast, so they suit investors who already know the basics.

EBITDA Margin: What It Is and How to Calculate It

By Cierra Seay

EBITDA margin measures how much core profit a company keeps from each dollar of sales, before interest, taxes, and accounting deductions.
The formula is EBITDA divided by revenue, shown as a percent.
A higher, steadier EBITDA margin usually signals a more efficient, more durable business.

What Is Taxable Income? A Simple Guide for Investors

By Kalbir Talwar

Taxable income is the portion of your money the government can tax after deductions are applied.
Not all income is taxed the same: job income, investment income, and passive income face different rates.
Investors and business owners get more tools to legally lower their taxable income, which is a big edge over time.

What Is a Covered Call? How the Strategy Works

By Jackson Moreland

A covered call is an options strategy where you own a stock and sell someone the right to buy it from you at a higher price.
You collect cash, called the premium, up front, and keep it no matter what happens.
The trade-off: if the stock soars, your shares get sold at the set price and you miss the extra upside.

What Is Gross Margin? A Simple Guide for Investors

By Nate Gregory

Gross margin is the share of each sales dollar a company keeps after paying the direct cost of whatever it sold.
The formula is simple: revenue minus cost of goods sold, divided by revenue, shown as a percent.
A steady or rising gross margin points to pricing power, and it is one of the first things smart investors check.

What Is a Dividend? A Plain-English Guide for Investors

By Milena Thomas

A dividend is a cash payment a company sends you just for owning its stock, usually every three months.
Dividends are one of two ways stocks pay you, the other being the share price going up.
Dividends are never guaranteed, so the strength of the business behind the payment matters more than the size of the payment.

1 2 3 … 23 Next »