Tillis clears path for Warsh’s Fed chair bid as DOJ ends Powell probe
Sen. Thom Tillis will back Kevin Warsh’s Federal Reserve chair nomination after the DOJ dropped its criminal investigation into Jerome Powell, clearing Warsh for swift confirmation; Tillis says assurances from DOJ protect Fed independence, and Warsh signals major regime changes at the Fed with the potential for rate cuts, while Powell’s status remains tied to an inspector general review.