Sen. Thom Tillis says he's "prepared to move on" with the confirmation of Trump's Fed

By: AP

Published: 2026-04-26T16:00:07.402216Z

Last Updated: 2026-08-08T15:26:46.138775Z

Category: News

Senator Thom Tillis has expressed his readiness to proceed with the confirmation of President Trump's Federal Reserve Chair nominee following the Department of Justice's decision to end its inquiry into Jerome Powell. The conclusion of the investigation has cleared a significant hurdle, allowing the Senate to move forward with the nomination process. This development suggests a smoother path for Powell's confirmation, alleviating previous concerns about potential legal challenges. Tillis's stance reflects a broader willingness within the Senate to expedite the confirmation, emphasizing stability and continuity within the Federal Reserve. As the financial markets closely monitor these proceedings, the focus now shifts to the Senate's upcoming decisions and their implications for economic policy.