The Senate Banking Committee voted to move forward with Kevin Warsh’s nomination, marking the end of Sen. Thom Tillis’ block on his confirmation.
Sen. Thom Tillis had vowed to block any nominee for Fed chair due to the administration’s criminal probe into the current chair, Jerome Powell. Tom Williams/CQ Roll Call via AP
Sen. Thom Tillis, casting the deciding vote to advance Kevin Warsh’s nomination to lead the Federal Reserve, said he’s “got confidence” the Justice Department investigation into Fed Chair Jerome Powell is over.
The Senate Banking Committee voted along party lines on Wednesday to send Warsh’s nomination to the Senate floor, concluding a monthslong block on the confirmation process.
Powell’s term expires on May 15.
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