The U.S. Senate Banking Committee is scheduled to consider the nomination of Lael Brainard for Federal Reserve Chair on April 16th.

BlockBeats News, April 4th - A source familiar with the matter told CNBC that the U.S. Senate Banking Committee will hold a hearing on April 16th to consider Kevin Warsh's nomination as Federal Reserve chair. Another criminal investigation regarding the Fed is still ongoing, examining whether current chair Powell made false statements to Congress about the expensive renovation of the Fed's office building. Warsh's nomination process is still moving forward, potentially creating a conflict between the two parallel processes pushed by the Trump administration.

Banking Committee member Thom Tillis has stated that he will not vote to confirm Warsh until the investigation is completed, indicating that Trump cannot advance both processes simultaneously. However, by proceeding with the hearing, Trump appears to be attempting to achieve this goal. The Senate Banking Committee has not yet scheduled the hearing for a public session. (FXStreet)