"I am prepared to move on with the confirmation of Mr. Warsh. I think he's going to be a great Fed chair. The case is completely and fully settled ... and that the only way an investigation would be opened would be a criminal referral from one of the most respected inspector generals."
"I believe that there will not be any wrongdoing. May we find a little stupid here in terms of somebody responsible for the project making a decision they shouldn't? Maybe. But it doesn't rise to a criminal prosecution."
Sen. Thom Tillis announced his support for Kevin Warsh's nomination as Federal Reserve chair, which alleviates previous opposition that stalled the process. This change comes after the conclusion of an investigation into the Fed's costly building renovations. Tillis expressed confidence that no wrongdoing would be found, although he acknowledged potential mismanagement. The Senate Banking Committee plans to vote on Warsh's nomination soon, indicating a shift in momentum towards confirming him as Powell's successor.
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