Senator Tillis Backs Kevin Warsh for Fed After DOJ Ends Jerome Powell Investigation

The path forward for Trump's Federal Reserve pick appears to have cleared after Senator Thom Tillis announced he would support Kevin Warsh's nomination, removing a significant obstacle that had threatened to derail the confirmation process. Tillis had previously blocked the vote, citing concerns that a Department of Justice criminal investigation into Fed Chair Jerome Powell posed a threat to the central bank's independence.