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GOP Sen. Thom Tillis says he's ready to advance confirmation of Warsh as Fed chair

New York Post·Reuters·about 1 month ago
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Republican Senator Thom Tillis on Sunday said he would ​allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward after the Department of Justice on Friday ‌dropped an investigation into Fed Chair Jerome Powell that Tillis viewed as a threat to the central bank’s political independence. Republican Senator Thom Tillis on Sunday said he would ​allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward. REUTERS “I am prepared to move on with the confirmation of Mr. Warsh,” Tillis, a Republican who represents North Carolina, said on ​NBC’s “Meet the Press.” “I think he’s going to be a great Fed chair.” The decision ends months of limbo for Warsh and clears a path ​for his Senate confirmation by May 15, when Powell’s leadership term ends. Powell disclosed in January that the DOJ ⁠had opened a criminal investigation into his management of a $2.5 billion renovation of two Fed buildings in Washington.…

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