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International Business Times
International Business Times
Business
Demian Bio

GOP Sen. Says He Won't Block Nomination Of Kevin Warsh As Fed Chair After DOJ Drops Investigation Of Jerome Powell

Kevin Warsh Jerome Powell DOJ IG Thom Tillis Donald Trump US Federal Reserve Elizabeth Warren Jeanine Pirro NBC News
Republican Sen. Thom Tillis.

Republican Senator Thom Tillis said he will support Kevin Warsh's nomination as Federal Reserve chair, paving the way for his confirmation after the Department of Justice dropped a criminal investigation on the body's current leader, Jerome Powell.

Speaking on NBC News, Tillis said "we worked a lot over the weekend to make sure that we were very clear that we have assurances from the DOJ that I needed to feel like they were not using the DOJ as a weapon to threaten the independence of the Fed."

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