North America Associated Press
Tillis Drops Opposition, Clears Path for Warsh's Confirmation as Fed Chair
Senator Thom Tillis says he's dropping his opposition to confirming Jerome Powell as Federal Reserve chair, allowing him to move forward with the confirmation process.
Senator Thom Tillis dropped his opposition to confirming Jerome Powell as Federal Reserve chair, clearing the way for confirmation ahead of President Donald Trump's term ending on January 20th, and signaling a shift in support from other Republican lawmakers who had initially expressed concerns over Powell's leadership style. The decision came after discussions with Trump's team, which reportedly alleviated Tillis' worries about potential conflicts of interest. The confirmation process is expected to move forward despite lingering reservations among some Republicans.
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