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.
