Tillis stands firm, blocks Fed nomination until Powell probe concludes
TL;DR Summary
Sen. Thom Tillis pledges to block Kevin Warsh's Fed nomination until the Justice Department completes its probe into Fed Chair Jerome Powell over HQ renovation costs, and says he’d maintain the blockade even if DOJ drops the inquiry in exchange for Powell leaving the Fed after his term; Powell could stay on the board as a governor for up to two more years, and Tillis criticizes the subpoenas as premature.
- Fed pick: Tillis doubles down on Warsh blockade over concerns about Fed independence CNBC
- Why Trump’s Federal Reserve Pick May Surprise Him Politico
- Kevin Warsh must move fast to undo the worst Fed mistakes in decades Fox News
- Barclays Says S&P 500 Plunged 16% On Average Upon New Fed Chair Bloomberg.com
- President Trump signals major shift at the Federal Reserve 13wham.com
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
2 min
vs 3 min read
Condensed
84%
435 → 70 words
Want the full story? Read the original article
Read on CNBC