NEWCentral Banks

Thom Tillis Ends Blockade for Fed Chair Nominee Kevin Warsh

Published on 4/26/2026

#Warsh#FederalReserve#DOJ#Powell
Thom Tillis Ends Blockade for Fed Chair Nominee Kevin Warsh

AI Summary

Sen. Thom Tillis announced he will end his blockade of Federal Reserve chair nominee Kevin Warsh after the U.S. Department of Justice dropped its investigation of Fed Chair Jerome Powell. This development clears the way for Warsh's confirmation, with a Senate Banking Committee vote expected soon. Tillis' support is pivotal, as the committee comprises 13 Republicans and 11 Democrats, making one Republican's opposition potentially fatal for Warsh's nomination. The DOJ's assurance that the investigation into Powell will not continue contributed to this decision, signaling a potential shift in the Fed's leadership structure before Powell's term expires in mid-May.

Source: Read original article (opens in new tab)

Related News

Fed Chair Nomination Clears Path After Probe Dropped
Central Banks

Fed Chair Nomination Clears Path After Probe Dropped

Apr 26

Fed Interest Rates Impact on Unemployment and Inflation
Central Banks

Fed Interest Rates Impact on Unemployment and Inflation

Apr 26

ECB Policymakers Patient on Rates: Economic Impact Following Decisions
Central Banks

ECB Policymakers Patient on Rates: Economic Impact Following Decisions

Apr 26

Fed Chair Jerome Powell's Era Ends with Potential Changes
Central Banks

Fed Chair Jerome Powell's Era Ends with Potential Changes

Apr 25