WASHINGTON, DC - APRIL 21: (L-R) Chairman Sen. Tim Scott (R-SC) and ranking member Sen. Elizabeth Warren (D-MA) observe a moment of silence for Madison Warner, daughter of U.S. Sen. Mark Warner (D-VA) who passed away at 36, during the Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. President Trump nominated Warsh, a former member of the Federal Reserve Board of Governors, to replace Jerome Powell amid bipartisan concerns over the Justice Department's criminal investigation into the central bank’s current leader. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 21: Committee Chairman Sen. Tim Scott (R-SC) delivers an opening statement during the Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. President Trump nominated Warsh, a former member of the Federal Reserve Board of Governors, to replace Jerome Powell amid bipartisan concerns over the Justice Department's criminal investigation into the central bank’s current leader. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 21: Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, prepares to testify during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. President Trump nominated Warsh, a former member of the Federal Reserve Board of Governors, to replace Jerome Powell amid bipartisan concerns over the Justice Department's criminal investigation into the central bank’s current leader. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 21: Committee Chairman Sen. Tim Scott (R-SC) delivers an opening statement during the Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. President Trump nominated Warsh, a former member of the Federal Reserve Board of Governors, to replace Jerome Powell amid bipartisan concerns over the Justice Department's criminal investigation into the central bank’s current leader. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 21: Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, arrives for his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. President Trump nominated Warsh, a former member of the Federal Reserve Board of Governors, to replace Jerome Powell amid bipartisan concerns over the Justice Department's criminal investigation into the central bank’s current leader. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 21: Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, arrives for his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. President Trump nominated Warsh, a former member of the Federal Reserve Board of Governors, to replace Jerome Powell amid bipartisan concerns over the Justice Department's criminal investigation into the central bank’s current leader. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 20: Newly elected U.S. Rep. Analilia Mejia (D-NJ) and her family, including husband Robert Rogers Jr. (L) and sons Langston and August Rogers attend a swearing-in ceremony with House Speaker Mike Johnson (R-LA) (R) at the U.S. Capitol on April 20, 2026 in Washington, DC. Mejia defeated Republican candidate Joe Hathaway on Thursday in a special election for New Jersey's 11th Congressional District. (Photo by Heather Diehl/Getty Images)

WASHINGTON, DC - APRIL 20: Newly elected U.S. Rep. Analilia Mejia (D-NJ) and her family, including husband Robert Rogers Jr. (L) and sons Langston and August Rogers attend a swearing-in ceremony with House Speaker Mike Johnson (R-LA) (R) at the U.S. Capitol on April 20, 2026 in Washington, DC. Mejia defeated Republican candidate Joe Hathaway on Thursday in a special election for New Jersey's 11th Congressional District. (Photo by Heather Diehl/Getty Images)