Summary
- Senator Thom Tillis said he will support Kevin Warsh’s confirmation as Federal Reserve chair.
- He said the Department of Justice’s decision to end its criminal investigation into Chair Jerome Powell had satisfied the condition for backing Warsh.
- Tillis said the inspector general’s investigation could lead to additional criminal proceedings and that the Fed should focus on its core mission.
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Republican Senator Thom Tillis said he will support Kevin Warsh’s confirmation as Federal Reserve chair.
In a post on X on April 27, Tillis wrote that the Department of Justice had ended its criminal investigation into Fed Chair Jerome Powell. With that matter closed, he said he would back Warsh’s nomination.
Tillis described the probe as an issue that could have threatened the Fed’s independence. He said he could consider supporting Warsh only after the investigation had concluded.
He also called the inspector general’s investigation “necessary and appropriate” and said its findings could lead to additional criminal proceedings.
Tillis said the Fed should now move past the controversy and refocus on its core mission, reaffirming his support for Warsh.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
