Tillis says he thinks Warsh is well qualified to be Fed chair but isn’t backing down: “It is unfortunate that an ongoing investigation prevents me from voting for Kevin at this time.”
Senator Thom Tillis
Senator Thom Tillis9 hours ago
I thoroughly enjoyed my meeting yesterday with Fed Chair nominee Kevin Warsh. He possesses impeccable credentials and a clear vision for maintaining the Fed's independence while achieving its dual mandate. It is unfortunate that an ongoing investigation prevents me from voting for Kevin at this time. I am awaiting further clarification from the DC District Court regarding the criminal case, particularly as seven Republican members of the Senate Banking Committee, including the chairman, have stated that no crime was committed. I hope the DOJ moves quickly to conclude the investigation of Chairman Powell so that we can confirm Kevin Warsh to this critical role by May.
Notably, Tillis suggests the resolution to this impasse could come from the court, presumably or implicitly if it quashes the subpoena: “I am awaiting further clarification from the DC District Court.”
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