Warsh Nomination Momentum: Tillis Backs Post-Powell Probe Drop
Key Questions
What changed Sen. Tillis's stance on Warsh?
Sen. Thom Tillis flipped to support Trump's Fed chair nomination for Kevin Warsh after DOJ ended the probe into Jerome Powell.
Why did DOJ end the Powell probe?
The Justice Department dropped the criminal probe of Fed Chair Powell, clearing hurdles for Warsh's confirmation with no evidence found.
What is the timeline for Warsh's Senate vote?
Senate vote is set for April 29, potentially clearing a May 15 start for hawkish Warsh amid Fed reform pressures.
How does Warsh nomination impact rate cut hopes?
Warsh's hawkish views challenge rate cut expectations amid sticky inflation, Iran tensions, Trump pressure, and liquidity concerns.
What broader Fed context surrounds this?
Nomination gains momentum post-Powell probe drop, with markets bracing for rate decisions and earnings in a busy week.
Sen. Tillis flips support/DOJ ends Powell probe/Senate vote Apr29 clears May15 hawkish Warsh path/Fed reform amid sticky inf/Iran/Trump pressure; challenges cut hopes/liquidity.