Republican Senator Ends Blockade of Trump's Fed Chair Nominee

Senator Thom Tillis (R-NC) has dropped his opposition to Kevin Warsh's nomination as Federal Reserve Chair, clearing a key hurdle for the Trump administration's pick. Tillis announced his support after the Department of Justice concluded its criminal investigation into outgoing Fed Chair Jerome Powell without charges. The probe, which had been a point of contention, was reportedly dropped recently. Tillis had previously blocked Warsh's nomination over concerns about the investigation's impact on the Fed's independence. With Tillis's reversal, Warsh's path to confirmation is now clearer, though a full Senate vote is still required. The move signals a resolution to a political standoff that had threatened to delay leadership transition at the central bank.