Trump-Tillis tiff deepens as president says he ‘quit,’ concedes Fed fight could doom new chair confirmation
Kevin Warsh's Federal Reserve confirmation hearing heads to the Senate next week, but Sen. Thom Tillis, R-N.C., plans to block President Donald Trump's pick over DOJ probe.
TL;DR
- Senator Thom Tillis, R-N.C., plans to block President Trump's Federal Reserve nominee Kevin Warsh.
- Tillis's opposition stems from a DOJ investigation into Fed Chair Jerome Powell's testimony regarding the Fed's building renovations.
- President Trump criticized Tillis, stating he has 'quit' and could doom Warsh's confirmation.
- Tillis has reiterated that his issue is with the DOJ probe, not Warsh's credentials.
- Senate Majority Leader John Thune is working with the White House to resolve the investigation.
- Fed Chair Jerome Powell stated he would stay on temporarily until a replacement is confirmed, but Trump threatened to fire him if he wasn't out by next month.