"I have been clear from the start: the U.S. Attorney's Office criminal investigation into Chair Powell was a serious threat to the Fed's independence, and it needed to end before I could support Kevin Warsh's confirmation."
"With these assurances, I look forward to supporting Kevin Warsh's confirmation. He is an outstanding nominee, and it is time for the Federal Reserve to move beyond this distraction and return its full attention to its mission."
"I have no intention of leaving the Board until the investigation is well and truly over, with transparency and finality."
The U.S. Attorney's Office investigation into Chair Powell was seen as a threat to the Federal Reserve's independence. With the probe concluded, support for Kevin Warsh's confirmation is expected to advance. Tillis expressed confidence in Warsh as a nominee and emphasized the need for the Fed to focus on its mission. The Senate committee is set to vote on Warsh's nomination soon, with Powell's term expiring shortly, raising questions about his future on the board.
Read at Axios
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