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The Latest Breaking News from Thom Tillis

US justice department drops criminal investigation against Jerome Powell

Move will remove obstacle for confirmation of Kevin Warsh, Trump’s pick to replace Powell as Federal Reserve chair

The Guardian - US · Apr 24

Pirro drops Powell probe, handing Kevin Warsh a lifeline, though U.S. attorney vows to restart probe ‘should the facts warrant doing so’

It’s unclear whether or not Powell will choose to stay on the board.

Fortune · Apr 24

DOJ drops investigation into Fed’s Powell

U.S. Attorney Jeanine Pirro said Friday that she is dropping her investigation into Federal Reserve Chair Jerome Powell over the cost for renovations at the central bank, a move that could clear a path for the Senate to confirm Kevin Warsh as Powell’s replacement. “I have directed my office to…

Roll Call · Apr 24

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Wrapup: Senate all-nighter puts ICE in Johnson’s court

Congress got one step closer this week to funding immigration enforcement for the rest of President Donald Trump’s term, while House lawmakers dealt with more ethics fallout and wrangled behind closed doors over a key surveillance authority. But the path forward once again depends on whether Speaker Mike Johnson, R-La.,…

Roll Call · Apr 23

Fed chair nominee Warsh rejects 'Trump sock puppet' label at Senate hearing

Kevin Warsh, the nominee for Chair of the US Federal Reserve, declared he has not pledged to lower interest rates to secure his position despite public calls from US President Donald Trump for immediate monetary easing.

Euronews · Apr 22

Thune nudges Trump to "wrap up" Fed probe

"We all agree that Kevin Warsh is a great pick and hopefully will be confirmed."

Axios · Apr 22

Stocks Turn Lower on Iran Worries: Stock Market Today

Stocks gave up early gains Tuesday on concerns the U.S.-Iran ceasefire deadline could expire without a peace deal in place.

Kiplinger · Apr 21

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Internet sleuths go crazy as NFL Hall of Famer Larry Fitzgerald sits behind Trump Fed Chair pick Kevin Warsh

Eagle-eyed fans spotted the former Arizona Cardinals wide receiver in an unexpected place

The Independent UK · Apr 21

Trump’s Fed chair pick says he’ll maintain independence – but won’t say president lost 2020 election

Kevin Warsh says ‘we need to take politics out of monetary policy’ as Elizabeth Warren calls him Trump’s ‘sock puppet’

The Guardian - US · Apr 21

Stocks Erase Early Gains as Crude Prices Jump on Iran Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.13%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.02%. June E-mini S&P futures (ESM26 ) are down -0.13%, and June E-mini Nasdaq futures...

Barchart · Apr 21

Stocks Supported by Signs Iran Will Attend Peace Talks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.20%. June E-mini S&P futures (ESM26 ) are up +0.25%, and June E-mini Nasdaq futures...

Barchart · Apr 21

Warsh vows Fed independence; Democrats assert financial conflicts

Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats. Warsh tried to reassure lawmakers at the Senate…

Roll Call · Apr 21

Kevin Warsh: Trump’s ideal choice to push Fed to cut interest rates

Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liability

The Guardian - US · Apr 21

What to look for in Kevin Warsh's big day on Capitol Hill

Republicans are set to cast Kevin Warsh as a change agent.

Axios · Apr 21

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Kiplinger · Apr 20

Kevin Warsh Fed Chair Nomination: Updates and Commentary

On May 13, the Senate confirmed Kevin Warsh as the next Fed chair.

Roll Call · Apr 20

Fed chair nominee Warsh to field questions about Fed independence

Republicans and Democrats on the Senate Banking Committee appear poised to question Kevin Warsh, the nominee to be the next chairman of the Federal Reserve, on the central bank’s independence — but from different angles — during a hearing scheduled for Tuesday. Ranking member Elizabeth Warren is also expected to question…

Roll Call · Apr 20

This week: Senate girds for budget vote-a-rama in busy week for Congress

The Senate faces an expected budget vote-a-rama this week as Republicans seek to start the process of funding immigration enforcement without the support of Democrats. A resolution from Senate Budget Chairman Lindsey Graham, R-S.C., is expected to provide instructions for roughly $70 billion for Immigration and Customs Enforcement and Customs…

The Mary Sue · Apr 17

‘I’m not very tauntable’: It’s a Fed Chair nightmare for Trump where one Republican’s ‘no’ could spell disaster for Kevin Warsh

Sen. Thom Tillis is making it crystal clear he’s not backing down in his standoff with the administration over Federal Reserve Chair Jerome Powell. The outgoing North Carolina Republican is blocking the confirmation of President Donald Trump’s Fed chair nominee, Kevin Warsh, until the Justice Department drops its investigation into…

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Salon · Apr 17

Vance looms as Trump spirals

DC whispers about impeachment — but forget the 25th Amendment

The Guardian - US · Apr 16

Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair

Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin Warsh

International Business Times · Apr 16

Republican Sen. Tillis Says Trump Should Apologize For Slamming Pope Leo

Republican Senator Thom Tillis said President Donald Trump should apologize for criticizing Pope Leo, calling it an "underused in art and politics."

Fortune · Apr 16

Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer

Republican sources told Fortune it was unlikely Warsh himself would be the cause of any vote against his candidacy, while Democrat sources say there is little he could do to convince critics that he isn’t a puppet of the White House.

The Guardian - US · Apr 16

Trump news at a glance: president renews threats against federal reserve chair, pushes his replacement

Trump reiterated his claim that Powell is doing a ‘bad job’ as justice department continues with criminal investigation into Powell over renovations at the Fed’s headquarters – key US politics stories from 15 April at a glance

The Guardian - US · Apr 15

Trump threatens to fire Fed chair Jerome Powell amid pressure campaign

US president says he has ‘held back’ on firing the head of the Federal Reserve leading up to end of Powell’s term in May

Barchart · Apr 14

Stocks Rally on a Push for Diplomacy to End US-Iran War

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +1.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.81%. June E-mini S&P futures (ESM26 ) rose +1.18%, and June E-mini Nasdaq futures...

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