JPMorgan CEO Jamie Dimon urges Senate to vote in Fed Chair nominee Kevin Warsh; Bessent voices confidence in outcome

JPMorgan Chase CEO Jamie Dimon on Tuesday urged US lawmakers to vote in Kevin Warsh as Federal Reserve Chair as soon as possible, while Treasury Secretary Scott Bessent voiced confidence that would happen in spite of impending hurdles at the Senate.Dimon, whose bank beat Wall Street estimates in first-quarter results released Tuesday, addressed the Fed chair impasse during an earnings call.The Wall Street veteran praised Warsh as “a great candidate” in response to a question from The Post on delays to his nomination.“I think the sooner the better, because I think it would actually create stability,” Dimon said of the nomination process.The Senate Banking Committee’s nomination hearing for Warsh was pushed back a week as it waited for Warsh’s financial disclosures.It’s now set for next week, though Sen.

Thom Tillis (R-NC) has vowed to vote against any Trump nominee for Fed chair until the Justice Department drops its probe of incumbent Jerome Powell.“I’m not concerned about it,” Dimon said of the delay to Warsh’s nomination hearing.“This is a political issue.

[If it] takes a little extra time, it won’t affect the world economy.”Dimon previously described the DOJ probe into Powell — focusing on his statements around the Fed’s $2.5 billion renovations to its Washington, DC, headquarters, a plan first reported by The Post — as a possible threat to the bank’s independence.Tillis vowed to stick to his guns on Tuesday.Asked whether there was any change in the senator’s stance, a Tillis spokesperson told The Post: None, he has always supported holding the hearing to make sure we can fast-track the confirmation once the frivolous DOJ investigation concludes.”Speaking to reporters in Washington, DC, Treasury Secretary Scott Bessent was bullish that an end to the months-long row would be found soon and that he was “confident” Warsh would be sworn in on time in May.“We want Kevin Warsh as soon as possible,” the former hedge fund...