Overview
- Kevin Warsh met Tuesday with Sen. Thom Tillis and is also meeting Senate Banking members, including Sen. Kevin Cramer, as part of his confirmation outreach.
- After the meeting, Tillis reiterated that he supports Warsh personally but will block votes on any Federal Reserve nominees until the Powell probe is resolved.
- Banking Committee Chair Tim Scott said he hopes the investigation “goes away” so hearings can start soon, adding he does not believe Powell committed a crime.
- Moving the nomination to the floor without a committee vote would require a rare discharge needing 60 votes, a step viewed as a long shot.
- Reporting indicates Warsh would press for early rate cuts if confirmed, even as oil-related inflation risks shape expectations and Powell’s chair term ends May 15.