US EditionGOP Senator Promises to Block All Trump Federal Reserve Nominees After ‘Outrageous’ DOJ Probe Into Jerome Powell
- Senator Thom Tillis of North Carolina announced he will block all Federal Reserve nominees until the Department of Justice's investigation into Jerome Powell is resolved.
- Press Secretary Karoline Leavitt criticized Tillis for holding the economy 'hostage' over the investigation and emphasized the importance of the Federal Reserve's independence.
- Tillis argues that the DOJ probe poses a threat to the Federal Reserve's independence and claims the investigation lacks reasonable grounds for criminal intent.
- Leavitt described Kevin Warsh, Trump's nominee for Federal Reserve Chair, as a highly qualified and distinguished economist despite the ongoing investigation into Powell.
17 Articles
17 Articles
Trump confident in Fed nominee Warsh despite potential Senate hurdles
President Donald Trump backed Fed chair nominee Kevin Warsh, signalling confidence that he would support lower interest rates. However, the nomination could face delays as Republican Senator Thom Tillis threatens to stall any Fed pick until a Justice Department probe into Jerome Powell concludes, creating fresh uncertainty around the confirmation process.
Leavitt accuses Sen Tillis of holding US economy 'hostage’ over Fed nomination dispute
Press Secretary Karoline Leavitt accused Senator Thom Tillis of holding the nation "hostage" over Kevin Warsh's Federal Reserve nomination until DOJ ends Jerome Powell probe.
Kevin Warsh is to become the new head of the Fed. Donald Trump is sure that his candidate will get the necessary approval. Now, however, criticism from his own ranks is moving.
Trump's nomination for the Fed by Kevin Warsh is met with opposition in the Senate. Senator Tillis is planning a blockade as long as the investigation against Powell is under way. Tensions between government and central bank are increasing.
der Standard AT
der Standard DEA Republican senator announced on Saturday that he would block Warsh's confirmation in the Senate. Republicans have only a small majority in the Senate's Banking Committee
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