Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe

Key Points

Sen. Thom Tillis, R-N.C., said he will block any Trump Fed nominees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges.
That position substantially complicates the road to replacing Powell, whose term as chair expires in May.
While Powell’s term as chair ends in May, he can stay on as governor until 2028. He has not indicated yet whether he will do so.

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Finance

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