US EditionGOP senator says he’s open to compromise on Trump’s nominee to chair the Federal Reserve
Sen. Thom Tillis may back a Senate Banking Committee-led probe into Fed chair Jerome Powell’s renovation cost overruns to unblock Kevin Warsh’s confirmation.
- Sen. Thom Tillis, R-N.C., signaled Thursday he could support a compromise allowing the Senate Banking Committee to start hearings on Kevin Warsh but rejected ending the DOJ probe into Jerome Powell.
- Facing the standoff, Tillis last month said he would block Fed nominees until the DOJ drops its criminal probe of Powell, `But at the end of the day, if that's not resolved, I'm not going to allow a successful markup to occur`.
- Framed as oversight, the plan would hand the Powell probe from DOJ to the Senate Banking Committee to investigate cost overruns on the Fed's $2.5 billion renovation of two Washington, D.C., office buildings.
- The compromise could clear the way for the Senate Banking Committee to start hearings on Warsh, but Tillis said, 'And I believe that most Democrats are not going to vote for it, so I don't see a path,' highlighting partisan limits.
- Beyond confirmation fights, the standoff touches the Fed's independence from politics, and Sen. Thom Tillis said he believes the White House was surprised and unaware of the DOJ investigation.
18 Articles
18 Articles
Tillis continues to hold Fed nominees despite latest offer from Treasury
Sen. Thom Tillis (R-N.C.), a senior member of the Senate Banking Committee, says he will continue holding up President Trump’s nominees to the Federal Reserve until the criminal investigation of Fed Chair Jerome Powell is resolved. This poses a significant obstacle to Trump’s plan to appoint Kevin Warsh as the next chair of the nation's...
GOP senator says he's open to compromise on Trump's nominee to chair the Federal Reserve
Republican Sen. Thom Tillis from North Carolina suggested Thursday he could support a compromise that would allow the Senate Banking Committee to start hearings on Kevin Warsh, President Donald Trump's nominee to chair the Federal Reserve.
Associated Press News
GOP senator says he's open to compromise on Trump’s nominee to chair the Federal Reserve
Republican Sen. Thom Tillis from North Carolina suggests he could support a compromise that would allow the Senate Banking Committee to start hearings on Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve.
Tillis Shuts Down Idea of Clearing the Way for Warsh
Sen. Thom Tillis (R-NC) “rejected a suggestion that the Senate Banking Committee conduct its own investigation into Federal Reserve Chair Jerome Powell to supplant a probe by the Justice Department and clear the way for the committee to approve President Donald Trump’s new pick to lead the central bank,” Bloomberg reports. “Tillis, who views the DOJ investigation as an attack on the Fed’s independence, has vowed to hold up any Fed nominees until…
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