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Business

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

Donald Trump Jerome Powell Kevin Warsh Thom Tillis the Federal Reserve US Federal Reserve DOJ MeetPress

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.

Why it matters: The Department of Justice said last week that it was dropping its investigation into current Fed chair Jerome Powell, satisfying the key Republican's conditions for supporting Warsh.

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