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Sen. Tillis says he’s ready to move ahead with confirming Warsh as Trump’s pick as Fed chair
Tillis said the probe threatened Fed independence and that Warsh can advance after DOJ closed the case and handed the review to an inspector general.
- On Sunday, Sen. Thom Tillis of North Carolina dropped his opposition to President Donald Trump's Federal Reserve nominee, Kevin Warsh, removing a major hurdle for the GOP-controlled Senate Banking Committee to advance the nomination.
- The Justice Department ended its investigation into the Federal Reserve's $2.5 billion building renovations, which had stalled Warsh's confirmation process. Tillis received assurances the case was completely settled, enabling him to move forward.
- Scheduled for Wednesday, the committee will vote on Warsh's nomination after he pledged at a hearing last week to be "an independent actor." President Trump said Saturday he expects the process to be smooth.
- Massachusetts Sen. Elizabeth Warren denounced the nomination, arguing Warsh "proved in his nomination hearing to be nothing more than President Trump's sock puppet" and questioned his ability to lead the Fed independently.
- Since appointing Jerome Powell in 2017, President Trump has pressured the Federal Reserve to cut interest rates. Even if replaced, Powell could elect to remain on the board as a governor until January 2028.
173 Articles
173 Articles
Senate panel to vote on Wednesday on advancing Fed chair Warsh’s nomination
April 27 (Reuters) – The Senate Banking Committee is expected on Wednesday to advance Kevin Warsh’s nomination as Federal Reserve Chair to the full Senate, with a vote now set for 10 a.m. EDT (1400 GMT). The timing – which comes as Fed policymakers will be nearing the end of their two-day policy-setting meeting under current chair Jerome Powell — increases the chances that Warsh will be in place by the time Powell’s leadership term ends…
The Fed may have beat back Trump’s power grab
Federal Reserve Chairman Jerome Powell successfully defeated President Donald Trump last week with the aid of a U.S. senator, but that doesn't mean the fight is over. Powell has faced an unprecedented pressure campaign to oust him from the Federal Reserve through a politically motivated Justice Department investigation. Sen. Thom Tillis (R-N.C.) is forcing Trump to back down if he wants to clear the path for Kevin Warsh's confirmation. If the in…
‘RINO’ Senator Changes Tune, Signals Support for Trump’s Fed Chair Nominee
Sen. Thom Tillis (R-NC) has announced that he will support the confirmation of Kevin Warsh as Federal Reserve chair, clearing a key obstacle for President Donald Trump’s nominee. The post ‘RINO’ Senator Changes Tune, Signals Support for Trump’s Fed Chair Nominee appeared first on Slay News.
Hawaii Tribune-Herald
New York PostUS Senator Tillis says he’s ready to advance confirmation of Warsh as Fed chair
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. The post US Senator Tillis says he’s ready to advance confirmation of Warsh as Fed chair appeared first on Hawaii Tribune-Herald.
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