Senator Thom Tillis, Republican of North Carolina, is taking a hard stand. He says he will oppose every Federal Reserve nominee from the Trump administration until the Department of Justice ends its investigation into current Fed Chairman Jerome Powell. Tillis, who is not seeking re-election, specifically mentioned he would block the confirmation of Kevin Warsh.
Thom Tillis stands on principle
Tillis made it clear this is not about Warsh’s abilities. He praised Warsh as highly qualified with a deep understanding of monetary policy. The senator explained his decision is about principle. Tillis criticized the DOJ for pursuing a criminal investigation into Powell. He said the probe is based on testimony that no reasonable person could see as criminal. Tillis declared he would oppose any Fed nominee until the inquiry is fully and transparently resolved.
The Powell investigation explained
The investigation focuses on a $2.5 billion renovation of the Federal Reserve’s headquarters. Officials are examining Powell’s statements under oath about the project’s timeline and costs. The inquiry does not relate to Powell’s actual duties as Fed Chairman. Many lawmakers see it as political pressure. The Trump administration has repeatedly urged Powell to cut interest rates. Powell has resisted, citing the need to protect the Fed’s independence.
Protecting the Federal Reserve’s independence
Tillis says protecting the Fed from political pressure or legal intimidation is non-negotiable. His position has not changed since he first criticized the investigation earlier this month. The concern is bipartisan. Democrats, like Rep. Brad Sherman of California, have also called the probe outrageous. Sherman said there is no credible reason to question Powell’s testimony or the renovation project. Lawmakers on both sides see the situation as a threat to the Fed’s independence.
The conflict highlights tensions between the Trump administration and the Federal Reserve. It raises questions about how political influence can intersect with the nation’s economic institutions. Tillis’s vow signals that nominees may face significant opposition until the investigation concludes.
