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● InformationalCongress / MembersEconomy

Tillis Steps Aside and Kevin Warsh Is Now on Track to Lead the Federal Reserve

Warsh’s path to a Senate committee vote advanced after Tillis dropped his block on the nomination.

Tillis Steps Aside and Kevin Warsh Is Now on Track to Lead the Federal Reserve
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This article1 analysis · Oct 7, 2026
Apr 26, 2026
tl;dr

After the Justice Department closed its criminal investigation of Federal Reserve Chair Jerome Powell, Sen. Thom Tillis dropped his block on Kevin Warsh’s confirmation. The Senate Banking Committee is expected to vote on Warsh’s nomination before Powell’s term as chair expires.

Community verdict

VOTING CLOSED
How does this story look for
Kevin Warsh Chair of the Federal Reserve
NOT RATEDCLOSED

No good or bad look here

This story reports what happened without casting Warsh in a good or bad light, so readers don’t rate it and it doesn’t count toward Warsh’s record.

● INFORMATIONAL

People in this story

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Kevin Warsh
Chair of the Federal Reserve

Federal Reserve chair nominee whose confirmation path was unblocked

PRIMARY SUBJECT
Thom Tillis
R · NC · SEN

Senator who had blocked Fed nominees and then lifted his block on Warsh’s confirmation

Tillis's version of this story ↗
Tim Scott
R · SC · SEN

Senate Banking Committee chairman who welcomed the inspector general’s review

Federal Reserve chair whose criminal investigation was closed

ALSO MENTIONED  Jeanine Pirro, U.S. attorney who closed the investigation and redirected scrutiny to the inspector general

Part of a bigger story

5 OUTLETS
Tillis Agrees to Advance Kevin Warsh’s Fed Nomination

Outlets agree that Sen. Thom Tillis said he was ready to let Kevin Warsh’s nomination as Federal Reserve chair advance after the Justice Department ended its investigation of Jerome Powell. Center outlets focus on Tillis’s changed position and the investigation’s role in moving the nomination forward, with some also noting committee timing and Warsh’s stated independence. Right-leaning outlets frame the investigation as a threat to Federal Reserve independence while noting Tillis’s block ended and Warsh’s path to a committee vote advanced.

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