US EditionSen. Tillis says he’s ready to move ahead with confirming Warsh as Trump’s pick as Fed chair
Tillis said the probe had to end before he would back Kevin Warsh, clearing the way for a committee vote next week.
- 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.
190 Articles
190 Articles
Tillis: I'll Block Any AG Nominee Who Excuses Jan 6
Politico reports: Thom Tillis took on President Donald Trump’s administration in a monthslong battle to quash the criminal investigation into Federal Reserve Chair Jerome Powell — and won. Now he’s urging those around the president to take his latest ultimatum seriously — that he won’t confirm for attorney general anyone who excuses the events of Jan. 6, 2021. “Hopefully they’ll take me at my word when I say anybody who equivocated on the Jan. 6…
GOP senator opens up new front in war against Trump nominees: 'Take me at my word'
Fresh off forcing the Trump administration to drop its politically motivated prosecution of Federal Reserve Chair Jerome Powell, Sen. Thom Tillis (R-NC) is now deploying his Senate Judiciary Committee leverage to block acting Attorney General Todd Blanche's permanent nomination unless the administra...
GOP senator drops opposition to Trump Fed chair nomination after DOJ decision
Now that the Justice Department has dropped its Federal Reserve probe, Sen. Thom Tillis, R-N.C., said he is willing to vote to confirm Kevin Warsh to serve as the next chair of the Federal Reserve System board of governors."I have been clear from the start: the U.S. Attorney’s Office criminal investigation into Chair Powell was a serious threat to the Fed’s independence, and it needed to end before I could support Kevin Warsh’s confirmation. I w…
Senate panel to vote on Wednesday on advancing Fed chair Warsh’s nomination
April 27 (Reuters) – The Senate Banking Committee is expected on Wednesday to advance Kevin Warsh’s nomination as Federal Reserve Chair to the full Senate, with a vote now set for 10 a.m. EDT (1400 GMT). The timing – which comes as Fed policymakers will be nearing the end of their two-day policy-setting meeting under current chair Jerome Powell — increases the chances that Warsh will be in place by the time Powell’s leadership term ends…
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