Overview
- Sen. Thom Tillis, who said Sunday he would support Kevin Warsh, removed the committee’s main obstacle to advancing the nomination.
- U.S. Attorney Jeanine Pirro closed the criminal investigation into Jerome Powell’s handling of a $2.5 billion Fed headquarters renovation, with a warning the case could restart if the Fed inspector general finds grounds.
- The Senate Banking Committee scheduled a Wednesday vote to advance Warsh, and with a 13–11 GOP edge plus Tillis on board, a party-line vote is expected under a tight calendar.
- Prediction markets tracked by multiple outlets showed the odds of confirmation by May 15 jumping from about 29% to more than 90% after the probe ended and Tillis reversed.
- Democrats led by Sen. Elizabeth Warren argued the process still threatens Fed independence, noting a judge in March quashed DOJ subpoenas as an improper bid to pressure Powell.