Senator Thom Tillis has vowed to block any of President Trump’s nominees for the Federal Reserve, including his pick for chair, Kevin Warsh, until the Department of Justice fully resolves its criminal investigation into current chair Jerome Powell. Tillis, a key member of the Senate Banking Committee, argues that the probe—which centers on the Fed's headquarters renovation but is viewed by some as political pressure over interest rates—threatens the independence of the central bank. Despite a recent meeting with Warsh that he described as impeccable and positive, Tillis maintains that protecting the Fed from "legal intimidation" is non-negotiable and refuses to vote for a successor while the investigation remains open.

Apr 06, 2026




