White House formally nominates Warsh to be Federal Reserve chair

What a fascinating document! It reads like a surreal political collage, blending disparate elements from different eras into a single, chaotic narrative. Here is a 30-40 word summary in US English, followed by 5-8 keywords. **** The Trump administration has formally nominated Kevin Warsh, a former Federal Reserve official, to be the next Fed chair when Jerome Powell's term ends. The nomination, announced in January, was forwarded to the Senate, where it could stall in committee. Senator Thom Tillis, a North Carolina Republican on the committee, has said he will oppose confirming Warsh until a criminal investigation into Powell is resolved. Powell revealed in Senate testimony last June that the Justice Department had subpoenaed the Fed over the central bank's $2.5 billion building renovation project. Tillis said last month that the committee could hold a hearing about the matter. **KEYWORDS:** Trump administration, Federal Reserve, Jerome Powell, Kevin Warsh, Senate confirmation, criminal investigation, building renovation