Trump picks Kevin Warsh for Fed chair, but key Republican vows to block him over Powell investigation
Kevin Warsh, former governor of the US Federal Reserve, walks to lunch during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 9, 2025. The annual event has been a historic breeding ground for media deals and is usually a forum for tech and media elites to discuss the future of their industry. (Photographer: David Paul Morris/Bloomberg via Getty Images)
(WASHINGTON) — President Donald Trump announced conservative policymaker and former Fed governor Kevin Warsh as his pick to be the new Federal Reserve chairman.
In a post on Truth Social early Friday morning, Trump said that he has “known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best.”
“He will never let you down,” Trump continued.
Warsh previously served on the Fed’s board of governors from 2006 to 2011. He was a top adviser to then-Fed chairman Ben Bernanke during the 2008 financial crisis, serving as a liaison between the central bank and Wall Street. During that time, he was an inflation “hawk” — skeptical of the Fed’s ultra-low interest rate policy. But in more recent interviews, Warsh has heaped praise on Trump and called for “regime change” at the Fed, while also supporting lower interest rates.
On Thursday, Trump said that he had “chosen a very good person” while walking the carpet at the Kennedy Center ahead of the premiere of the documentary about first lady Melania Trump.
Trump said his pick to replace current Chairman Jerome Powell is an “outstanding person and a person that won’t be too surprising to people.”
“A lot of people think that this is somebody that could have been there a few years ago,” Trump went on. “It’s going to be somebody that is very respected, somebody that’s known to everybody in the financial world. And I think it’s going to be a very good choice.”
Trump has repeatedly attacked Powell over the past year for his cautious approach to lowering interest rates.
Powell’s term as chairman expires in May.
Earlier this month, in an extraordinary escalation of the months-long attack on the independence of the Federal Reserve, Powell announced that federal prosecutors had launched a criminal investigation related to a multi-year renovation of the Fed’s headquarters in Washington, D.C.
Earlier this week, at its first meeting since news of the investigation surfaced, the Federal Reserve voted to hold interest rates steady.
Trump said that the Fed governors who voted earlier this week to pause interest rates will change their minds once there is a new chair.
“If they respect the Fed chairman, they’ll be with us all the way,” Trump said. “They want to see the country be great.”
House Oversight and Government Reform Committee Chairman James Comer (R-KY) talks to reporters after former President Bill Clinton did not appear for a closed-door deposition in the Rayburn House Office Building on Capitol Hill on January 13, 2026 in Washington, DC. Chip Somodevilla/Getty Images
(WASHINGTON) — The chairman of the Republican-led House Oversight Committee said the panel will move forward with contempt of Congress proceedings against former President Bill Clinton after he failed to appear for a subpoenaed deposition on Tuesday as part of the panel’s investigation into convicted sex offender Jeffrey Epstein.
The committee had threatened to hold the former president and former Secretary of State Hillary Clinton in contempt of Congress if they did not appear for separate scheduled closed depositions set for Tuesday and Wednesday, respectively.
“I think everyone knows by now, Bill Clinton did not show up. And I think it’s important to note that this subpoena was voted on in a bipartisan manner by this committee. This wasn’t something that I just issued as chairman of the committee. This was voted on by the entire committee in a unanimous vote of the House Oversight Committee to subpoena former President Clinton and former Secretary of State Hillary Clinton,” Oversight Chairman James Comer said Tuesday morning.
“We will move next week in the House Oversight Committee markup to hold former President Clinton in contempt of Congress,” Comer, a Republican, later added.
A lawyer for the Clintons, David Kendall, has not responded to requests for comment on whether Hillary Clinton will appear on Capitol Hill for her Wednesday subpoenaed deposition.
In a four-page letter posted on social media Tuesday morning, the Clintons publicly called out Comer for threatening to hold them in contempt of Congress.
“Despite everything that needs to be done to help our country, you are on the cusp of bringing Congress to a halt to pursue a rarely used process literally designed to result in our imprisonment. This is not the way out of America’s ills, and we will forcefully defend ourselves,” the letter states.
The Clintons contend in the letter that Comer’s approach to the committee’s work on the Epstein investigation has “prevented progress in discovering the facts about the government’s role” and that the chairman has “done nothing” to force the Justice Department to comply with its disclosure obligations required by Epstein Files Transparency Act, passed late last year.
“We have tried to give you the little information that we have,” the Clintons wrote. “We’ve done so because Mr. Epstein’s crimes were horrific. If the Government didn’t do all it could to investigate and prosecute these crimes, for whatever reason, that should be the focus of your work — to learn why and to prevent that from happening ever again. There is no evidence that you are doing so.”
For months, Republicans on the committee have been demanding that the Clintons provide testimony to lawmakers, citing the former president’s travels on Epstein’s private aircraft in the early 2000s and the Clinton “family’s past relationship” with Epstein and his associate, Ghislaine Maxwell. The panel initially issued subpoenas for the Clintons on Aug. 5 to appear in October.
Kendall has continued to argue that the couple has no information relevant to the committee’s investigation of the federal government’s handling of investigations into Epstein and Maxwell, and should not be required to appear for in-person testimony. Kendall has contended that the Clintons should be permitted to provide the limited information they have to the committee in writing.
“There is simply no reasonable justification for compelling a former President and Secretary of State to appear personally, given that their time and roles in government had no connection to the matter at hand,” Kendall wrote in one of the letters sent to the committee in October of last year. He argued that the committee should excuse the Clintons, as the committee had done for five former attorneys general who were each excused after certifying to the committee that they had no relevant knowledge.
Bill Clinton has not been accused of wrongdoing and denies having any knowledge of Epstein’s crimes. No Epstein survivor or associate has ever made a public allegation of wrongdoing or inappropriate behavior by the former president in connection with his prior relationship with Epstein.
Former Secretary of State Clinton “has no personal knowledge of Epstein or Maxwell’s criminal activities, never flew on his aircraft, never visited his island, and cannot recall ever speaking to Epstein. She has no personal knowledge of Maxwell’s activities with Epstein,” Kendall wrote. “President Clinton’s contact with Epstein ended two decades ago, and given what came to light much after, he has expressed regret for even that limited association,” an Oct. 6 letter to the committee says.
Comer wrote in a letter to Kendall in October that the committee is “skeptical” that the Clintons have only limited information and stated it was up to the committee, not the Clintons, to make determinations of the value of the information.
“[T]he Committee believes that it should be provided in a deposition setting, where the Committee can best assess its breadth and value,” Comer wrote.
Last month, in response to the Epstein Files Transparency Act, the Justice Department released several photographs of former President Clinton apparently taken during his international travels with Epstein and Maxwell from 2002 to 2003, although the released photographs contained no information identifying when or where they were taken. Following that disclosure, a spokesperson for the two-term Democratic president argued that the Trump administration released those images to shield the Trump White House “from what comes next, or from what they’ll try to hide forever.”
“So, they can release as many grainy 20-plus-year-old photos as they want, but this isn’t about Bill Clinton. Never has, never will be,” Clinton’s spokesperson Angel Ureña wrote on X Dec. 22.
Ureña did not respond to an email inquiry from ABC News on Monday.
What is contempt of Congress?
The House of Representatives can hold an individual “in contempt” if that person refuses to testify or comply with a subpoena. The contempt authority is considered an implied power of Congress.
“Congress’s contempt power is the means by which Congress responds to certain acts that in its view obstruct the legislative process. Contempt may be used either to coerce compliance, to punish the contemnor, and/or to remove the obstruction,” according to a report from the Congressional Research Service.
Any person summoned as a congressional witness who refuses to comply can face a misdemeanor charge that carries a fine of up to $100,000 and up to a year in prison if that person is eventually found guilty.
What would the process look like?
To hold someone in contempt of Congress, the Oversight Committee would first mark up and then vote to advance the contempt resolution. Once the committee approves the resolution, which is expected given the GOP majority, the resolution now could go to a vote in the full House.
A simple majority is needed to clear a contempt resolution on the floor. Notably, it does not require passage in the Senate.
The resolution, if passed, would direct the speaker of the House to refer the case to the U.S. Attorney for the District of Columbia — under the Department of Justice — for possible criminal prosecution.
History of contempt
Congress has held Cabinet officials in contempt of Congress for refusing to comply with a House subpoena, including Attorney General William Barr and Commerce Secretary Wilbur Ross in 2019 and then-Attorney General Eric Holder in 2012. The DOJ never prosecuted them even though the House voted to hold them in contempt.
The House held Peter Navarro, a former top trade adviser in the Trump administration, in contempt of Congress in 2022 for defying a subpoena to provide records and testimony to the now-defunct House select committee investigating the Jan. 6 attack on the U.S. Capitol. Navarro was sentenced to jail time.
Steve Bannon, a Trump ally, was also held in contempt of Congress in 2022 for not complying with the Jan. 6 select committee. Bannon was also sentenced to prison time.
The GOP-led House voted to hold Attorney General Merrick Garland in contempt of Congress in 2024 over the DOJ failing to provide audio of then-President Joe Biden’s interview with special counsel Robert Hur. The DOJ did not prosecute the case, but the audio was released.
State Representative James Talarico, a Democrat from Texas and US Senate candidate, speaks during a Texas primary election night event at Emo’s Austin in Austin, Texas, US, early on Wednesday, March 4, 2026. (Photographer: Jordan Vonderhaar/Bloomberg via Getty Images)
(WASHINGTON) — Primary voting began on Tuesday in Texas, Arkansas and North Carolina, marking the beginning of the 2026 midterm elections, which are expected to be seen in part as referenda on the first year of President Donald Trump’s second term.
Here are a few key takeaways from the early voting.
Texas GOP Senate primary heads for a runoff
The heated Republican Senate primary heads to a runoff between Sen. John Cornyn and Attorney General Ken Paxton, as neither secured over 50% of the vote Tuesday evening.
Rep. Wesley Hunt, who was also running in the race, conceded Tuesday evening and did not endorse Paxton or Cornyn.
With Trump not endorsing in the race, Paxton attempted to paint Cornyn as not aligned with the President and said that Cornyn “stabbed [Trump] in the back by trying to derail his presidential campaigns.”
“No one can name [one] accomplishment [of Cornyn’s],” Paxton said Tuesday night. “The people of Texas deserve better. That’s the message we’re taking into the runoff.”
Cornyn continued his attacks on Paxton Tuesday night, calling him a “shameless candidate” and saying there’s too much at stake in this year’s election for him to be elected to the Senate.
“I refuse to allow a flawed, self-centered and shameless candidate like Ken Paxton risk everything we’ve worked so hard to build over these many years, there is simply too much at stake in this midterm election for our state and for our country, the final two years of … President Trump’s agenda hangs in the balance,” Cornyn said.
Talarico defeats Crockett
On Tuesday morning, U.S. Rep. Jasmine Crockett conceded to State Rep. James Talarico, the 36-year-old Presbyterian seminarian and former teacher in the contested Texas Democratic Senate primary, giving hope to national Democrats about the possibility of flipping the state blue.
“This morning I called James and congratulated him on becoming the Senate nominee. Texas is primed to turn blue and we must remain united because this is bigger than any one person,” Crockett said in a statement. “This is about the future of all 30 million Texans and getting America back on track. With the primary behind us, Democrats must rally around our nominees and win. I’m committed to doing my part and will continue working to elect democrats up and down the ballot.”
Talarico will face off against whoever wins May’s runoff election in the state’s Senate GOP primary between Cornyn and Paxton — a race that Trump has still yet to endorse a candidate in and is expected to become uglier in the lead up to the runoff.
The last time a Democrat won a Senate race in Texas was in 1988.
Talarico told his supporters early Wednesday morning at his election party that he was confident in the movement they had built.
“Tonight, our campaign is shocking the nation. We are still waiting for an official call, but we are confident in this movement we’ve built together. Every vote must be counted, every voice must be heard,” Talarico said. “We are not we are not just trying to win an election. We are trying to fundamentally change our politics, and it’s working. “
The Trump factor
And in some down-ballot races, Trump’s endorsement continues to carry weight.
Republican Rep. Dan Crenshaw became the first GOP incumbent to lose a primary this cycle when he was defeated by hardline conservative state Rep. Steve Toth, in a race that focused on which candidate aligned with Trump the most.
Trump did not endorse either candidate in the race, which left Crenshaw as the only House Republican in Texas running for re-election without the President’s support.
At multiple points during his time in Congress, Crenshaw found himself at odds with Trump, including over the President’s refusal to accept the 2020 election results.
In North Carolina, a Senate seat Democrats hope to flip, former Gov. Roy Cooper, a Democrat, and former Republican National Committee chairman Michael Whatley each won their primaries handily and will face off in one of the most-watched Senate races this cycle.
Whatley, who was endorsed by Trump, embraced the President and said he would stand with him if elected to the U.S. Senate during his victory speech Tuesday night.
“I will stand with President Trump to finish the job, secure the border permanently and ensure that illegal aliens are swiftly deported,” Whatley said later on his victory remarks.
A 31-page report on the White House ballroom submitted to the panels reviewing the project show the proposed addition to the White House from additional angles and features new renderings of the project. Commission of Fine Arts
(WASHINGTON) — More renderings of President Donald Trump’s planned White House ballroom were made available in a 31-page report submitted to the Commission of Fine Arts, which is set to meet on Thursday.
The report showed the proposed 90,000-square-foot addition in the location of the demolished East Wing from several new angles, including the view from Pennsylvania Avenue.
The Commission of Fine Arts was formed by Congress as an independent agency to weigh in on major capital-area building projects.
Thursday’s meeting, which will take place via videoconference, will feature new members recently appointed by Trump after the president dismissed all six of its members last fall.
The new members include James McCrery, the architect who previously led the ballroom project before being replaced; Roger Kimball, a critic and conservative columnist for The Spectator who has written favorably about the president; and Chamberlain Harris, a 26-year-old White House Deputy Director of Oval Office Operations who worked in the first Trump White House.
In a statement to ABC News, the White House called Harris a “loyal, trusted, and highly respected advisor to President Trump” who will be “a tremendous asset to the Commission of Fine Arts.”
“She understands the President’s vision and appreciation of the arts like very few others, and brings a unique perspective that will serve the Commission well,” White House Communications Director Steven Cheung said in the statement.
The commission wrote on its website that “upon the completion of President Donald J. Trump’s first term, [Harris] continued her work in Florida at the Office of the 45th President, managing President Trump’s Presidential Portrait Project in conjunction with the National Portrait Gallery of the Smithsonian Institution and the White House Historical Association.”
The Commission of Fine Arts is one of two panels tasked with reviewing projects in Washington. The report was also submitted with the National Capital Planning Commission ahead of its March meeting.
The administration has faced legal pressure to submit the plans to both panels for review after the initial demolition of the East Wing.
The White House first announced the ballroom construction project, a longtime goal of Trump, last July.
Trump at first said the project would not interfere with the existing White House structure. But then in October, the entire East Wing was razed to make way for the ballroom, which Trump said would cost $400 million.
The National Trust for Historic Preservation has sued to stop the project. The judge in the case has expressed skepticism of the government’s arguments that the president has the power to build a ballroom with private donations and without express authorization from Congress, and said he hoped to issue a decision this month.
