Senate committee plans Warsh's Fed nomination hearing as soon as week of April 13, Punchbowl reports

March 29 (Reuters) - The Senate Banking Committee is planning to hold its ‌hearing on the nomination of ‌Kevin Warsh as chair of the Federal Reserve ​as soon as the week of April 13, Punchbowl News reported on Sunday, citing two sources familiar with the ‌planning.

Political resistance has ⁠held up Warsh’s nomination in the Senate, with Fed Chair ⁠Jerome Powell remaining in place even as President Donald Trump presses for a ​successor willing ​to cut interest ​rates faster.

The uncertainty over ‌the Fed's leadership has collided with a worsening inflation backdrop, as oil prices have surged following U.S.-backed airstrikes on Iran and as an escalating war ‌in the Middle East ​disrupts key shipping routes.

Traders ​now have ​little expectation for a rate ‌cut this year, as ​higher energy ​costs feed into broader inflation and limit the scope for easing monetary ​policy.

(Reporting ‌by Costas Pitas, additional reporting by ​Rodrigo Campos; Editing by Sergio Non ​and Stephen Coates)