Tillis says he will support Warsh’s Fed confirmation after ‘assurances’ from DOJ
Summary
Senator Thom Tillis said he will support Kevin Warsh’s nomination to lead the Federal Reserve. He made this decision after the Department of Justice said the investigation into current Fed Chair Jerome Powell and the bank’s renovations is complete and closed.Key Facts
- Senator Thom Tillis is from North Carolina and part of the Senate Banking Committee.
- Tillis plans to back Kevin Warsh’s nomination as Federal Reserve chair.
- The Department of Justice provided assurances that the criminal investigation involving Jerome Powell is finished.
- The investigation involved Powell and renovations at the Federal Reserve in Washington, D.C.
- Tillis’s support depends on these assurances from the DOJ.
- The Federal Reserve is the U.S. central bank that manages the country’s money policies.
- Kevin Warsh is a nominee to replace Jerome Powell as the Fed chair.
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