Trump’s Showdown With Tillis Complicates Warsh Path to Fed Chair

The biggest question facing Kevin Warsh was answered before he even reached the committee room Tuesday when President Donald Trump doubled down on a criminal probe that is effectively blocking his own nominee from taking over at the Federal Reserve.

Warsh’s long-awaited appearance for a confirmation hearing before the Senate Banking Committee was a key mile marker on his path to the central bank. Warsh insisted he’d be independent and not bow to pressure from Trump, while also sidestepping questions that might anger the president.

But Warsh’s future remains opaque. A Justice Department investigation into the Fed has prompted a ...