Tillis calls for DOJ to end Powell investigation
Senator Thom Tillis is advocating for the Department of Justice to conclude its investigation into Jerome Powell. This move aims to facilitate the confirmation of Kevin Warsh as the next Federal Reserve chair. (sources: cbsnews, thehill, nbcnews, ft)
Thom Tillis has urged the DOJ to terminate its investigation into Jerome Powell to support the confirmation of Kevin Warsh, President Trump's nominee for Federal Reserve chair. Tillis made these remarks during a Senate hearing.
- Thom Tillis has publicly called for the DOJ to end its investigation into Jerome Powell.
- Kevin Warsh is nominated by President Trump to lead the Federal Reserve.
- The investigation into Powell is seen as a barrier to Warsh's confirmation.
Why it matters
The outcome of this situation could impact the leadership of the Federal Reserve and its policies.
↓ Why this is on ModernAction
4 bills on this issue are moving right now — and the most active one is Fed Integrity and Independence Act of 2025.
S2817 · 119th Congress
Fed Integrity and Independence Act of 2025
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About this bill
What S2817 actually does
This story is about Watch: Van Hollen questions Kevin Warsh on his shifting stance on interest rates. This bill would prohibit certain “dual appointments” involving Federal Reserve System employees.
If passed, it would:
- Prohibit certain “dual appointments” involving Federal Reserve System employees • Reinforce (as a matter of statute) an independence norm described in the bill text.
3 other bills moving on this issue
Take action on any of them individually.
This story is about Watch: Van Hollen questions Kevin Warsh on his shifting stance on interest rates. This bill would make the Fed Board IG and CFPB IG positions PAS.
If passed, it would
- Make the Fed Board IG and CFPB IG positions PAS (Presidential appointment + Senate confirmation • Potentially increase perceived independence/legitimacy of IG oversight of those agencies.
This story is about Watch: Van Hollen questions Kevin Warsh on his shifting stance on interest rates. This bill would express the House’s position affirming the Fed’s independence.
If passed, it would
- Express the House’s position affirming the Fed’s independence (nonbinding • Potentially shape congressional oversight messaging around the Warsh/Powell controversy (nonbinding.
This story is about Watch: Van Hollen questions Kevin Warsh on his shifting stance on interest rates. This bill would establish statutory “cause for removal” procedures for the Fed Chair.
If passed, it would
- Establish statutory “cause for removal” procedures for the Fed Chair • Tie potential removal to sustained deviations of the federal funds target rate from specified benchmarks (per bill.
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