Overview
- Kevin Warsh is meeting Tuesday with Sen. Thom Tillis, the Republican senator who has been blocking movement on the nomination.
- Tillis told Fox News Digital he supports Warsh but will not advance any Federal Reserve nominee before the Powell investigation is resolved.
- As a member of the Senate Banking Committee, Tillis can halt a committee vote, and bypassing his hold would require a rare 60‑vote discharge on the Senate floor.
- Warsh is also meeting this week with Sen. Kevin Cramer and other Banking Committee members as part of his outreach.
- Powell confirmed on Jan. 11 that the Justice Department is investigating his testimony about renovations to the Fed’s historic buildings, a probe he has called a pretext to punish him for resisting rate cuts.