“Warsh has been critical of the Fed in recent months but is seen as a conventional choice for the role. Warsh has a background in the Bush administration, and he was appointed by former President George W. Bush as Fed governor, serving in that role during the financial crisis from 2006 until 2011.
Although he is considered a relatively safe pick, Warsh faces an uncertain path ahead in the Senate due to potential Republican opposition. North Carolina Sen. Thom Tillis, whose vote is needed to advance the nomination out of the Senate Banking Committee, reiterated that he would oppose any Fed chair pick until the Department of Justice’s investigation into Fed Chair Powell is resolved.”