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◆ Mixed look for TillisCongress / MembersEconomy

Fed's shaky leadership transition comes at tricky time

Tillis says he will block Warsh’s confirmation process until the Justice Department ends its investigation of Jerome Powell.

Fed's shaky leadership transition comes at tricky time
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This article1 analysis · Oct 7, 2026

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Finance & Commercevia Reuters
Apr 16, 2026
tl;dr

Kevin Warsh’s confirmation as the next Federal Reserve chair may not be completed before Jerome Powell’s term ends May 15, as Sen. Thom Tillis says he will block the process until the Justice Department ends its investigation of Powell. The uncertainty raises questions about who would lead the Fed and comes amid inflation concerns.

Community verdict

10 VOTES
How does this story look for
Thom Tillis R · NC · SEN

Counts every outlet’s report of this story. See all 32

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Thom Tillis
R · NC · SEN

Senator whose opposition is holding up progress on Kevin Warsh’s confirmation

PRIMARY SUBJECT
Kevin Warsh
Chair of the Federal Reserve

President Trump’s nominee to become the next Federal Reserve chair

Warsh's version of this story ↗
Donald Trump
R · President of the United States

President whose nominee is awaiting confirmation and who has called for the investigation to continue

Tim Scott
R · SC · SEN

Senator and chair of the Senate Banking Committee

Federal Reserve chair whose term ends May 15

ALSO MENTIONED  Arthur Burns, Former Fed chief cited in an example of an earlier leadership transition; Jeanine Pirro, U.S. Attorney for the District of Columbia; Jimmy Carter, Former president cited as an example of an earlier Fed leadership transition; Lisa Cook, Federal Reserve governor whose position is referenced in connection with an earlier attempted firing; Stephen Miran, Trump’s former economic adviser, mentioned as a possible choice for an interim Fed appointment

Part of a bigger story

17 OUTLETS
Tillis Says He’ll Block Fed Nominees Pending Powell Probe

Outlets report that Tillis is withholding support for Kevin Warsh’s Federal Reserve chair nomination until the Justice Department’s investigation of Jerome Powell ends. Left-leaning outlets center Tillis’s criticism of the probe, presenting it as ill-timed and unjustified. Center outlets largely track the confirmation process and uncertainty over Fed leadership, while also reporting Tillis’s opposition and the investigation. Right-leaning outlets emphasize a growing clash between Tillis and Trump, including Trump’s threat to fire Powell and the risk to Warsh’s confirmation.

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