Read exactly what Senator Tillis about blocking Trump’s Fed chair pick Warsh until DOJ’s Powell probe resolved
When the DOJ announced a criminal investigation of current Fed chair Jay Powell, North Carolina Senator Thom Tillis said he’d oppose any confirmation of a newly nominated Fed chair. Today after President Trump nominated Kevin Warsh as Fed chair to succeed Powell, Tillis recommitted to opposing this nomination during the confirmation process. Below is what Tillis said on X.
Also, this morning Tillis told Bloomberg he’s communicating with Trump about this matter.
“Kevin Warsh is a qualified nominee with a deep understanding of monetary policy. However, the Department of Justice continues to pursue a criminal investigation into Chairman Jerome Powell based on committee testimony that no reasonable person could construe as possessing criminal intent. Protecting the independence of the Federal Reserve from political interference or legal intimidation is non-negotiable. My position has not changed: I will oppose the confirmation of any Federal Reserve nominee, including for the position of Chairman, until the DOJ’s inquiry into Chairman Powell is fully and transparently resolved.
Senator Tillis reiterates opposition of Trump Fed chair pick Warsh until DOJ's criminal allegations against Powell are resolved
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– Tillis holds line opposing Fed chair pick Warsh until Powell DOJ probe resolved