US EditionSen. Tillis will oppose Trump Fed chair pick Warsh until Powell probe resolved
Sen. Thom Tillis will block Trump’s Federal Reserve nominees until the DOJ ends its criminal probe into Fed Chair Jerome Powell, citing the need to protect Fed independence.
- Sen. Thom Tillis vowed to oppose any new Federal Reserve nominee until the DOJ probe of Jerome Powell is completed, including Kevin Warsh's nomination by President Donald Trump.
- The DOJ probe centers on the Federal Reserve's headquarters renovation, and Powell says he is under investigation in connection with it, but critics claim it's retaliation over rate disputes.
- Tillis, a Senate Banking Committee member, argued Kevin Warsh is qualified with deep monetary-policy experience but said protecting Fed independence is non-negotiable.
- Facing Tillis's opposition, Elizabeth Warren, the ranking Democrat on the Banking Committee, said `No Republican purporting to care about Fed independence should agree to move forward with this nomination`, urging GOP resistance.
- In the longer view, the dispute raises questions about institutional independence as Powell says the DOJ probe is retaliation linked to policy disputes with President Donald Trump and critics call it a 'weaponization' targeting Powell and Lisa Cook.
16 Articles
16 Articles
'Do the math': GOP senator vows to sink Trump's Fed chair pick
President Donald Trump has nominated former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chairman of the Fed. But one Republican senator is threatening to make sure Warsh never gets confirmed out of his committee.Semafor reported Friday that outgoing Sen. Thom Tillis (R-N.C.) – who is not running for another term in November – is signaling he will vote against Warsh's confirmation in the Senate Banking Committee, where he is …
‘They choose friction’: Tillis flexes on Trump Fed pick Warsh
The NewsPresident Donald Trump has a Thom Tillis problem.The retiring North Carolina Republican senator recently doubled down on his pledge to keep the Senate Banking Committee from advancing any of Trump’s nominees to the Federal Reserve until the Justice Department abandons its investigation into Fed Chair Jerome Powell.If the White House thought tapping former Fed Governor Kevin Warsh might change Tillis’ mind, it’ll have to find another way.…
GOP senator vows to block Trump’s Fed chair pick unless Powell probe is dropped
NEWYou can now listen to Fox News articles! Sen. Thom Tillis, R-N.C., said he will oppose Trump’s next pick to chair the Federal Reserve until the administration ends its probe of the current one. Tillis, who hasn’t shied away from clashing with the Trump administration — and who won’t be pursuing re-election — announced he would block the confirmation of Kevin Warsh in a post to X on Friday morning. “Kevin Warsh is a qualified nominee with a de…
Trump's Fed pick Kevin Warsh faces unexpected roadblock over ongoing Powell probe
President Donald Trump's pick of Kevin Warsh to lead the Federal Reserve shifts the focus to the Senate, where confirmation could be delayed by Republican opposition linked to a criminal probe of Fed Chair Jerome Powell.Warsh would succeed Powell, whose term expires in May, but must first be confirmed by a simple majority in the Senate, a process that typically begins with a hearing and vote in the Senate Banking Committee.Sen. Thom Tillis R-N.C…
The Jerome Powell-sized problem standing in the way of Kevin Warsh's Fed confirmation
Kevin Warsh's nomination to Fed chair could hit a wall — at least until the DOJ's probe into Jerome Powell is resolved.Chip Somodevilla/Getty Images; AP Photo/Alastair GrantTrump nominated Kevin Warsh to be the next Fed Chair.But he's set to face a rocky road to confirmation in the Senate, owing to the DOJ's probe of Jerome Powell.A key GOP senator has vowed to block the confirmation until the probe is resolved.President Donald Trump has a Jerom…
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