Tillis will support Warsh, clearing way for Trump’s Fed pick

(Courtenay Brown – Axios) Sen. Thom Tillis (R-N.C.) on Sunday said that he would no longer block Kevin Warsh’s Federal Reserve chair confirmation, removing a key hurdle for President Trump’s pick to lead the central bank. The DOJ said last week that it was dropping its investigation into current Fed chair Jerome Powell, satisfying the key Republican’s conditions for supporting Warsh. “I have been clear from the start: the U.S. Attorney’s Office criminal investigation into Chair Powell was a serious threat to the Fed’s independence, and it needed to end before I could support Kevin Warsh’s confirmation,” Tillis said in a Sunday statement. – Tillis will support Warsh, clearing way for Trump’s Fed pick