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◆ Mixed look for PowellEconomy

Senator Tillis takes on DOJ probe of Federal Reserve Chair Powell

Powell said the investigation was connected to pressure over the Federal Reserve’s interest-rate decisions.

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Outlet credibilityInsurance News Net63/100 MEDIUM
This article1 analysis · Oct 11, 2026

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Jan 13, 2026
tl;dr

Sen. Thom Tillis said he would oppose confirming any Federal Reserve nominees after the Justice Department opened a probe into Chair Jerome Powell. Powell said the investigation was tied to pressure over interest rates, while the White House denied influencing the DOJ.

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Federal Reserve chair responding to a DOJ probe

PRIMARY SUBJECT
Thom Tillis
R · NC · SEN

Senator opposing confirmation of Federal Reserve nominees after the DOJ probe of Jerome Powell

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

President whose nominees Tillis said he would oppose

White House press secretary responding to Powell’s allegations

Part of a bigger story

9 OUTLETS
DOJ Probe of Federal Reserve Chair Jerome Powell

Outlets agree the Justice Department is investigating Federal Reserve Chair Jerome Powell, and Sen. Thom Tillis has vowed to block Trump’s Fed nominees until the probe is resolved. Left-leaning outlets frame the investigation as political pressure on the Fed, emphasizing Trump’s effort to distance himself and Republican criticism. Center outlets emphasize lawmakers’ objections and Powell’s claim that the probe pressures Fed independence, while also reporting the Justice Department’s defense. Right-leaning outlets focus on Republican responses, from Tillis’s pledge to block nominees to Cramer’s suggestion that Powell resign to avoid indictment.

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