Tillis says he will support Warsh’s Fed confirmation after ‘assurances’ from DOJ

Sen. Thom Tillis (R-N.C.) announced he will support Kevin Warsh’s nomination to lead the Federal Reserve after receiving assurances from the Department of Justice (DOJ) that a criminal investigation into current Fed chair Jerome Powell and the central bank’s Washington, D.C., renovations has been closed. Tillis, a member of the Senate Banking Committee, cited the DOJ’s confirmation as the basis for his decision.