GOP Senator vows to stall Trump Fed picks amid Powell probe
TL;DR
Sen. Thom Tillis says he will oppose confirming any Trump‑backed nominees to the Federal Reserve, including a new chair, after reports that the DOJ is investigating Jerome Powell for potential perjury. The stance risks a confirmation stalemate as Powell’s chair term ends in May (he could remain as governor through 2028); the White House continues to vet candidates, while critics argue the move would threaten the Fed’s independence.
Topics:businesspolitics#doj-investigation#federal-reserve-independence#politics#powell-perjury-probe#thom-tillis#trump-fed-nominees
- Republican Sen. Thom Tillis vows to block Trump's Fed nominees following Powell probe CNBC
- Statement from Federal Reserve Chair Jerome H. Powell Federal Reserve Board (.gov)
- Republican lawmakers speak out against the Justice Department's Federal Reserve investigation NBC News
- Federal Prosecutors Open Investigation Into Fed Chair Powell The New York Times
- Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment AP News
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