Sen. Thom Tillis said Friday that he will oppose President Donald Trump’s nomination of Kevin Warsh as Federal Reserve chair until the criminal probe of the current Chair Jerome Powell is “fully” resolved.
“Protecting the independence of the Federal Reserve from political interference or legal intimidation is non-negotiable,” the North Carolina Republican said in a statement on X.
Tillis, who is set to retire, vowed earlier this month to oppose any new nominee for the Fed until the Department of Justice’s controversial investigation of Powell is completed.
Tillis is a member of the Senate Banking, Housing, and Urban Affairs Committee, which has 13 Republicans and 11 Democrats.
The refusal of a single Republican on that panel to vote for a presidential nominee would set up a stalemate that could leave Warsh’s nomination without a recommendation of approval by the full Senate.
