politics
January 30, 2026
Tillis to halt advancement of Kevin Warsh as next Fed chairman
Sen. Thom Tillis (R-NC) announced on Friday that he will oppose President Donald Trump’s new nominee to succeed current Federal Reserve Chairman Jerome Powell, effectively halting the process from advancing in the upper chamber.
TL;DR
- Senator Thom Tillis will oppose President Trump's nominee for Federal Reserve Chairman, Kevin Warsh.
- Tillis cited concerns about protecting the Federal Reserve's independence from politicization and legal intimidation.
- The opposition is linked to the Department of Justice's criminal investigation into current Fed Chairman Jerome Powell.
- Tillis will oppose any Fed nominee until the DOJ's inquiry into Powell is resolved.
- Tillis's position is critical as he sits on the Senate Banking, Housing and Urban Affairs Committee.
- Without Tillis's support, the nomination would likely fail in committee and be difficult to pass the Senate.
- Democrats also expressed concerns about the independence of the Fed under this administration.
- The DOJ investigation into Powell relates to his testimony about a renovation of the Fed headquarters and potential political pressure regarding interest rates.
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