POLITICS

Thom Tillis refuses to budge on blocking Fed chair pick Kevin Warsh confirmation

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KEY POINTS
  • There is nothing that Federal Reserve chair nominee Kevin Warsh can say to get Sen. Thom Tillis to end his blockade on Warsh’s confirmation, the North Carolina Republican said at the U.S. Capitol.
  • Tillis has said he won’t vote for any Fed nominees until a criminal investigation into Fed Chair Jerome Powell is resolved.
  • Powell has said the probe by the U.S. Attorney’s Office in Washington, D.C., is due to him refusing demands by President Donald Trump to slash interest rates.