Senator Tillis Ends Blockade on Fed Chair Nominee Kevin Warsh, Paving Way for Confirmation
Senator Thom Tillis has announced his decision to end the blockade on the confirmation of Kevin Warsh as the next Federal Reserve Chair. This decision follows the U.S. Department of Justice's decision to drop its criminal investigation into current Fed Chair Jerome Powell. With Tillis's support, Warsh's confirmation is now likely, as the Senate Banking Committee prepares to vote on his nomination. Tillis had previously withheld his vote pending assurances that the DOJ would not use its powers to threaten the Fed's independence. Warsh, nominated by President Trump, is expected to bring significant changes to the Fed, including potential rate cuts and a new approach to measuring inflation. 
