US EditionSen. Tillis says he’s ready to move ahead with confirming Warsh as Trump’s pick as Fed chair
Tillis said the probe threatened Fed independence and that Warsh can advance after DOJ closed the case and handed the review to an inspector general.
- On Sunday, Sen. Thom Tillis of North Carolina dropped his opposition to President Donald Trump's Federal Reserve nominee, Kevin Warsh, removing a major hurdle for the GOP-controlled Senate Banking Committee to advance the nomination.
- The Justice Department ended its investigation into the Federal Reserve's $2.5 billion building renovations, which had stalled Warsh's confirmation process. Tillis received assurances the case was completely settled, enabling him to move forward.
- Scheduled for Wednesday, the committee will vote on Warsh's nomination after he pledged at a hearing last week to be "an independent actor." President Trump said Saturday he expects the process to be smooth.
- Massachusetts Sen. Elizabeth Warren denounced the nomination, arguing Warsh "proved in his nomination hearing to be nothing more than President Trump's sock puppet" and questioned his ability to lead the Fed independently.
- Since appointing Jerome Powell in 2017, President Trump has pressured the Federal Reserve to cut interest rates. Even if replaced, Powell could elect to remain on the board as a governor until January 2028.
155 Articles
155 Articles
Hawaii Tribune-Herald
New York PostUS Senator Tillis says he’s ready to advance confirmation of Warsh as Fed chair
Republican Senator Thom Tillis on Sunday said he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward after the Department of Justice on Friday dropped an investigation into Fed Chair Jerome Powell that Tillis viewed as a threat to the central bank’s political independence. The post US Senator Tillis says he’s ready to advance confirmation of Warsh as Fed chair appeared first on Hawaii Tribune-Herald.
Thom Tillis Green Lights 'Outstanding Nominee' Kevin Warsh's Fed Chair Confirmation After DOJ Drops Powel
Sen. Thom Tillis (RN.C.) has signaled his approval for the Senate confirmation of Kevin Warsh, the nominee for Federal Reserve chair. Tillis, who had vowed to block any Fed nominee while the Department of Justice investigated Powell, said he has now been assured the case is fully settled with no plans to reopen it unless the inspector general issues a criminal referral, adding he supports and trusts the ongoing Inspector General’s review. He too…
Tillis says he now will support Warsh for Fed chair
Republican Sen. Thom Tillis said Sunday he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward after the Department of Justice dropped an investigation Friday into Fed Chair Jerome Powell that Tillis viewed as a…
Tillis to end blockade of Warsh confirmation after DOJ drops Powell probe
Sen. Thom Tillis, R-N.C., said Sunday he will vote to confirm Kevin Warsh to lead the Federal Reserve, after initially refusing to in protest of the Department of Justice investigation into current chair Jerome Powell. Jeanine Pirro, the U.S. attorney for Washington, D.C., announced Friday that her office concluded its probe, which centered on a renovation at the Fed’s Washington headquarters. Instead, she said, the Federal Reserve's inspector g…
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