Tillis says Warsh may face lengthy Fed chair nomination process

Republican Sen. Thom Tillis of North Carolina stated that Kevin Warsh, President Trump’s nominee for Federal Reserve chairman, must decide on his nomination due to potential impacts on his business amid Tillis’s pledge to oppose any Fed nominee until the Justice Department concludes its investigation into current Chairman Jerome Powell. Tillis criticized the investigation led by U.S. Attorney Jeanine Pirro and echoed sentiments from other Republicans who believe Powell did not commit a crime. He emphasized the importance of protecting the Fed’s independence from political interference. Despite Warsh being recognized as a qualified nominee, Tillis maintains he will not support his confirmation until the inquiry into Powell is resolved.

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