Federal prosecutors turned away from Federal Reserve building, as Trump threatens to fire Powell
Senator Tillis is blocking the confirmation of Kevin Warsh as Fed Chair, demanding that the investigation into the Fed be dropped first.
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Senator Tillis is blocking the confirmation of Kevin Warsh as Fed Chair, demanding that the investigation into the Fed be dropped first.
Republished from Associated Press, with credit to the original publisher.
411 stories · 96.5–97.3 · updated Sep 25, 2026
This is Associated Press's own score, and this article is credited to Associated Press. The host score in the Source Check is WDIV's.
President Trump has threatened to fire Federal Reserve Chair Jerome Powell while federal prosecutors investigate a $2.5 billion renovation at Fed headquarters. The standoff is currently blocking the confirmation of Powell's successor and raising concerns about the central bank's independence.
Senate Banking Committee Chairman
Outlets across the spectrum report on Senator Tillis's refusal to confirm Fed nominees until the DOJ probe into Jerome Powell is resolved. Left-leaning sources like RawStory emphasize Tillis's sharp rhetoric calling the investigation a "bogus" revenge crusade, while Fox News frames the situation as a deepening "tiff" between the Senator and President Trump that threatens the new chair's confirmation.
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