Tillis Rejects Idea for Clearing Path to Warsh Fed Confirmation

Republican Senator Thom Tillis tells Bloomberg’s Tyler Kendall that the White House was likely caught off guard by the Justice Department’s criminal investigation of Fed Chair Jerome Powell. Tillis says that investigation has to end before Kevin Warsh can move ahead as Trump’s nominee to lead the Fed.Source: Bloomberg

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By Amara Omeokwe and Tyler Kendall

February 12, 2026 at 6:32 PM UTC

Republican Senator Thom Tillis rejected a suggestion that the Senate Banking Committee conduct its own investigation into Federal Reserve Chair Jerome Powell to supplant a probe by the Justice Department and clear the way for the committee to approve President Donald Trump’s new pick to lead the central bank.

Tillis, who views the DOJ investigation as an attack on the Fed’s independence, has vowed to hold up any Fed nominees until that probe is resolved. That could block Kevin Warsh, Trump’s selection to succeed Powell, from getting a confirmation vote before the full Senate.