Sen. Thom Tillis (RN.C.) has signaled his approval for the Senate confirmation of Kevin Warsh, the nominee for Federal Reserve chair.
Tillis, who had vowed to block any Fed nominee while the Department of Justice investigated Powell, said he has now been assured the case is fully settled with no plans to reopen it unless the inspector general issues a criminal referral, adding he supports and trusts the ongoing Inspector General’s review.
He took to X on Sunday to state his approval for Warsh’s confirmation calling him an “outstanding nominee.”
Tillis also stated on NBC’s “Meet the Press” on Sunday, “I am prepared to move on with the confirmation of Mr Warsh.”
Probe Dropped ,But Doubts Linger
This development comes after the Department of Justice dropped its criminal probe against Powell last week, clearing the path for Warsh, President Donald Trump‘s nominee, for his Senate confirmation by May 15, marking the end of Powell’s term.
However, the closure of the DOJ investigation into Powell was met with skepticism from Democratic lawmakers who warned that it could be revived at any time. Senators Elizabeth Warren (D-Mass.) and Dick Durbin (D-Ill.) cautioned that the decision “leaves the door wide open for you to relaunch the criminal probe.”
Trump himself told reporters on Saturday that the investigation against Powell was “not dropped,” and said that he has “an obligation to find out” why the Fed Chair spent billions on the Fed building renovation that should have cost $25 million.
Last week during Warsh’s confirmation hearing, Sen. Elizabeth Warren pressed the Fed chair nominee to name a disagreement with Trump, but he declined, prompting Warren to question his independence.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Domenico Fornas / Shutterstock.com
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