Senator Thom Tillis (R-NC), who serves on the Senate Banking Committee, has issued a statement in response to the nomination of Kevin Warsh for Chairman of the Board of Governors of the Federal Reserve System.
“Kevin Warsh is a qualified nominee with a deep understanding of monetary policy. However, the Department of Justice continues to pursue a criminal investigation into Chairman Jerome Powell based on committee testimony that no reasonable person could construe as possessing criminal intent. Protecting the independence of the Federal Reserve from political interference or legal intimidation is non-negotiable.
“My position has not changed: I will oppose the confirmation of any Federal Reserve nominee, including for the position of Chairman, until the DOJ’s inquiry into Chairman Powell is fully and transparently resolved.”
Senator Tillis was elected to his current term after winning re-election in 2020 against Cal Cunningham, receiving 48.7% of the vote compared to Cunningham’s 46.9%. He previously won his first Senate race in 2014 against Kay Hagan with 48.8% over Hagan’s 47.3%.
