U.S. Attorney Jeanine Pirro is considering reopening a Federal Reserve probe, potentially complicating the confirmation of nominee Kevin Warsh. Warsh's confirmation odds for Fed Chair have seen significant fluctuation. Prediction markets show an 82% chance of confirmation by May 15, a sharp increase from previous days.
However, the possibility of a reopened investigation adds a layer of uncertainty. Trading volume in confirmation markets has been active, though the market is described as thin, allowing large orders to cause rapid price swings.
The potential delay from a reopened probe poses a risk to Warsh's swift confirmation, especially given the timeline and political sensitivity. Observers are watching for statements from Senate Banking Committee members, Department of Justice updates, and any signals from President Trump regarding the investigation.