U.S. Treasury Secretary Scott Bessent has suggested that the nomination hearing for Kevin Warsh as the next Federal Reserve Chairman be held at the same time as the ongoing investigation into current Chair Jerome Powell. Senator Thom Tillis intends to delay the nomination process until the Department of Justice completes its inquiry into Powell, despite supporting Warsh for the Fed Chair position. Tillis emphasizes protecting the Federal Reserve's independence by ensuring full transparency before confirming the next chairman.