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Tillis Blocks Warsh's Confirmation Amid Powell Investigation

3/11/2026

Summary

Story summary

Sen. Thom Tillis (R-N.C.) will block the confirmation of Federal Reserve chair nominee Kevin Warsh until the criminal investigation into Federal Reserve Chair Jerome Powell is resolved, arguing the move preserves independence.
Witnesses from the Senate Banking Committee found no crime related to Powell's renovation-project testimony, supporting Tillis's independence framing.
Sen. Cynthia Lummis (R-Wyo.) praised Warsh after their meeting, calling for a transparent, accountable Fed that embraces financial innovations.

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Story summary

Sen. Thom Tillis (R-N.C.) will block the confirmation of Federal Reserve chair nominee Kevin Warsh until the criminal investigation into Federal Reserve Chair Jerome Powell is resolved, arguing the move preserves independence.
Witnesses from the Senate Banking Committee found no crime related to Powell's renovation-project testimony, supporting Tillis's independence framing.
Sen. Cynthia Lummis (R-Wyo.) praised Warsh after their meeting, calling for a transparent, accountable Fed that embraces financial innovations.