Thom Tillis Ends Blockade for Fed Chair Nominee Kevin Warsh

Sen. Thom Tillis announced he will end his blockade of Federal Reserve chair nominee Kevin Warsh after the U.S. Department of Justice dropped its investigation of Fed Chair Jerome Powell. This development clears the way for Warsh's confirmation, with a Senate Banking Committee vote expected soon. Tillis' support is pivotal, as the committee comprises 13 Republicans and 11 Democrats, making one Republican's opposition potentially fatal for Warsh's nomination. The DOJ's assurance that the investigation into Powell will not continue contributed to this decision, signaling a potential shift in the Fed's leadership structure before Powell's term expires in mid-May.