Tim Scott hopes Fed Chair Powell investigation 'goes away' to clear Kevin Warsh confirmation

Donald Trump

Sen. Tim Scott on Wednesday said he hopes the federal investigation into Federal Reserve Chair Jerome Powell "goes away" so the Senate can take up the nomination of Kevin Warsh , President Donald Trump 's pick to replace the head of the U.S. central bank. "That proceeding going away allows for us to get the Fed fully functioning, back on target," Scott, who chairs the Senate Banking, Housing and Urban Affairs Committee, said during an appearance on CNBC's " Squawk Box ." Sen. Thom Tillis , R-N.

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