Senator Tillis Ends Months of Opposition, Clears Path for Wash as Federal Reserve Chair

BlockBeats News, April 27, North Carolina Republican Senator Thom Tillis announced on Sunday local time that he would support Kevin Warsh's nomination for Federal Reserve Chair, clearing the last major hurdle for Trump's chosen successor to Powell. Tillis had refused to vote in support of Warsh for months, citing that he would not push any Federal Reserve nominee confirmation as long as the Department of Justice's criminal investigation into Powell was ongoing, calling the probe an attack on the central bank's independence, but the investigation appears to have ended last Friday. (FXStreet)