Tillis urges DOJ to end Fed probe after meeting with Trump nominee
Sen. Tillis will block Federal Reserve nominees until the criminal probe into Chair Powell, partly based on his Senate testimony, is resolved, citing Fed independence concerns.
6 Articles
6 Articles
Tillis urges DOJ to end Fed probe after meeting with Trump nominee
Sen. Thom Tillis (R-N.C.), a member of the Senate Banking Committee, praised President Trump’s nominee for chair of the Federal Reserve, Kevin Warsh, but said he cannot vote for him amid the Department of Justice (DOJ) probing current Fed Chair Jerome Powell. “I thoroughly enjoyed my meeting yesterday with Fed Chair nominee Kevin Warsh,” Tillis…
The Fed Has a Groupthink Problem. Warsh Can Fix It
President Trump has nominated Kevin Warsh for the top spot at the Federal Reserve. Though a former member of the Federal Reserve Board of Governors in Washington, DC, Warsh is out of sync with prevailing views at the central bank. That diversity of thought could improve the Fed’s monetary policy decisions. Warsh’s candidacy for Fed chair has been widely construed as an effort to further politicize the Fed. The implicit assumption is that Fed pol…
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