Sen. Thom Tillis drops opposition to Warsh Fed nomination after Justice Department ends Powell probe
Sen. Thom Tillis said Sunday he's now prepared to back Kevin Warsh's nomination to lead the Federal Reserve, after the Department of Justice dropped its criminal investigation into current Chair Jerome Powell.
TL;DR
- Senator Thom Tillis will now back Kevin Warsh's nomination to lead the Federal Reserve.
- The Department of Justice has dropped its criminal investigation into current Fed Chair Jerome Powell.
- Tillis's support is contingent on the conclusion of the investigation into Powell.