multi source·2h ago·10 sources analyzed
Tillis supports Warsh's Fed chair nomination after DOJ assurances
Senator Thom Tillis has announced his support for Kevin Warsh's nomination as chair of the Federal Reserve following reassurances from the Department of Justice. This marks a shift in Tillis's stance that had previously stalled the nomination process. (sources: thehill, fortune, reuters, nbcnews, cnbc)
Image: cnbc
ModernAction Briefing
Senator Tillis is now prepared to advance Kevin Warsh's nomination for Fed chair after the DOJ concluded its investigation into Jerome Powell. This change may facilitate Warsh's confirmation in the Senate.
- Tillis had previously opposed Warsh's nomination, causing delays in the Senate Banking Committee.
- The DOJ's investigation into Powell has concluded, prompting Tillis's support for Warsh.
- Warsh's nomination is now expected to move forward in the Senate.
Why it matters
The confirmation of Warsh as Fed chair could influence U.S. monetary policy and economic direction.
No specific legislation identified for action yet.
Top coverage · 10 sources
thehillTillis says he will support Warsh’s Fed confirmation after ‘assurances’ from DOJfortuneSen. Thom Tillis says he’s ready to move ahead with confirming Warsh as Fed chair after DOJ drops probe on PowellreutersUS Senator Tillis says he's ready to advance confirmation of Warsh as Fed chairnbcnewsSen. Thom Tillis drops blockade of Kevin Warsh's nomination to be the next Fed chair