PANews reported on April 4th that, according to Jinshi, a source familiar with the matter told CNBC that the U.S. Senate Banking Committee will hold a hearing on April 16th to consider Kevin Warsh's nomination as Federal Reserve Chairman. Another criminal investigation surrounding the Fed is ongoing, examining whether current Chairman Jerome Powell made false statements to Congress regarding the expensive renovation of the Fed's office buildings. Warsh's nomination process is still progressing, potentially creating a conflict between the two parallel processes pushed by the Trump administration. Banking Committee member Thom Tillis has stated that he will not vote to confirm Warsh until the investigation is complete, meaning Trump cannot simultaneously advance both processes. However, by continuing to push forward with the hearings, Trump is clearly still trying to achieve this goal. The Senate Banking Committee has not yet included the hearings in its public schedule.