White House National Economic Council Director Hassett: Confident Warsh will become Federal Reserve Chairman in May.

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PANews reported on April 9th ​​that White House National Economic Council Director Hassett stated he is confident Warsh will become Federal Reserve Chairman in May. He anticipates Powell will not remain a Federal Reserve Governor.

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White House economic advisor Hassett: The Federal Reserve should be able to cut interest rates
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The U.S. Senate Banking Committee is reportedly scheduled to review Warsh's nomination as Federal Reserve Chairman on April 16.
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Sources: The Senate hearing for Federal Reserve Chair nominee Warsh is expected to take place as early as the week of April 13.
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