Tillis Lifts Blockade, Warsh Set for Fed Chair Confirmation

Sen. Thom Tillis says he will vote to confirm Kevin Warsh as Fed chair after assurances DOJ would not use the Powell probe to threaten Fed independence, effectively ending his blockade. The DOJ dropped the investigation, clearing Warsh’s path toward a Senate confirmation as the Banking Committee moves the nomination forward. Powell’s term ends mid‑May, and he could remain on the Fed board if Warsh is not confirmed; meanwhile, the Fed inspector general is reviewing renovation costs.