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Sen. Thom Tillis (R-N.C.) expressed his displeasure with the Department of Justice following news that it sent subpoenas to the Federal Reserve and opened a criminal investigation of Fed Chair Jerome Powell.
Tillis, who serves on the Senate Banking, Housing, and Urban Affairs Committee, posted on X that he "will oppose the confirmation of any nominee for the Fed—including the upcoming Fed Chair vacancy—until this legal matter is fully resolved."
The GOP lawmaker, who announced last summer that he won't seek reelection this year, said there is now no doubt that "advisers within the Trump Administration are actively pushing to end the independence" of the central bank, adding that it is now "the independence and credibility of the Department of Justice that are in question."
