Tillis urges DOJ to end Powell probe, clear way for Warsh
Summary
Senator Thom Tillis from North Carolina wants the Department of Justice to stop investigating Federal Reserve Chair Jerome Powell. He believes stopping the probe would help President Donald Trump’s nominee, Kevin Warsh, get approved by the Senate to lead the Federal Reserve.Key Facts
- Senator Thom Tillis is from North Carolina and is a member of the Republican Party.
- Tillis has asked the Department of Justice to end its investigation into Jerome Powell.
- Jerome Powell is the current chair of the Federal Reserve, which controls U.S. monetary policy.
- Kevin Warsh is President Trump’s choice to lead the Federal Reserve.
- Tillis says he will not support Warsh’s confirmation unless the DOJ ends the Powell probe.
- The Senate must approve the nominee to officially lead the Federal Reserve.
- The Federal Reserve plays a key role in managing the country’s money and financial system.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
