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Republican senator threatens to halt Trump’s selection for Fed chair unless probe on Powell is dismissed.

by ADMIN
January 30, 2026 at 9:38 am
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    • Senator Thom Tillis, a Republican, has voiced opposition to a nomination by former President Donald Trump.
    • The opposition pertains to Trump’s selection for the position of Federal Reserve Chair.
    • Tillis has threatened to block the nominee in the Senate confirmation process.
    • His main condition for withdrawing this threat is the cessation of a Department of Justice (DOJ) probe.
    • The DOJ probe focuses on Jerome Powell, the current Chair of the Federal Reserve.
    • The investigation relates to a controversy involving a building renovation.
    • This situation adds a layer of complexity to Trump’s efforts to influence the leadership of the Federal Reserve.

Source: https://www.foxnews.com/politics/gop-senator-vows-block-trumps-fed-chair-pick-unless-powell-probe-dropped)

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