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2 hours ago

GOP senator drops opposition to Trump Fed chair nomination after DOJ decision

Now that the Justice Department has dropped its Federal Reserve probe, Sen. Thom Tillis, R-N.C., has said that he is willing to vote to confirm Kevin Warsh to serve as the next chair of the Federal Reserve System board of governors."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. I welcome the Inspector General's investigation. This is a necessary and appropriate measure, and I have confidence it will be conducted thorough...

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