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JUST IN: Republican Senator Thom Tillis announced that he will be blocking all future Federal Reserve nominations put forth by Donald Trump because of the investigation into Jerome Powell.
JIST IN: Republican Senator Thom Tillis announced that he will be blocking all future Federal Reserve nominations put forth by Donald Trump because of the investigation into Jerome Powell.
**Sen. Tillis Moves to Block Future Fed Nominees Amid Powell Inquiry**
Republican Senator Thom Tillis of North Carolina said he will block all future Federal Reserve nominations submitted by former President Donald Trump, citing concerns tied to an ongoing investigation involving Federal Reserve Chair Jerome Powell.
In a statement, Tillis said the inquiry has raised serious questions about oversight and accountability at the central bank, arguing that the Senate should pause confirmation of new nominees until those issues are fully examined. While he did not call for Powell’s immediate removal, Tillis emphasized that continued uncertainty surrounding the investigation makes it difficult to move forward with additional appointments.
The announcement adds another layer of tension to an already contentious relationship between Trump-aligned Republicans and the Federal Reserve, an institution Trump frequently criticized during his presidency. Blocking nominations could slow the staffing of key positions at the Fed, potentially affecting its regulatory and monetary policy functions.
Democrats and some Republicans have pushed back on Tillis’s move, warning that politicizing the central bank could undermine its independence. The Federal Reserve has not commented directly on Tillis’s announcement, and details of the investigation into Powell remain limited.
For now, Tillis’s stance signals a potential standoff in the Senate, with implications for the future leadership and stability of the nation’s central bank.
