Sen. Thom Tillis, RN.C., speaks with reporters outside the Senate Banking, Housing, and Urban Affairs Committee confirmation hearing for Federal Reserve Chairman nominee Kevin Warsh on Tuesday, April 21, 2026, at the Dirk Sen Building.
Tom Williams | CQ-Roll Call Inc. | Getty Images
Sen. Thom Tillis said Sunday he is ready to lift the blockade on Federal Reserve Chairman candidate Kevin Warsh after the U.S. Department of Justice dropped its investigation into Chairman Jerome Powell.
“I’m prepared to move forward with Warsh’s confirmation. I think he’ll be a great Fed chairman,” Tillis said on NBC’s “Meet the Press.” “We were very clear that we had assurances from the Department of Justice that we needed to make sure that they were not using the Department of Justice as a weapon to threaten the independence of the Fed. This would allow Mr. Warsh to move forward with the approval as scheduled.”
Mr. Tillis had vowed to withhold his vote for Mr. Warsh on the Senate Banking Committee until the Justice Department dropped its investigation into Mr. Powell. The Justice Department was investigating Mr. Powell for cost overruns related to renovations to the Federal Reserve Building.
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