Senator Thom Tillis Backs Kevin Warsh for Federal Reserve Chair

North Carolina Republican Senator Thom Tillis announced on Sunday his support for Kevin Warsh's nomination as Federal Reserve Chair. According to Odaily, this endorsement removes a significant hurdle for U.S. President Donald Trump's choice to replace Jerome Powell. Tillis had previously withheld his support for Warsh, stating he would not back any Federal Reserve nominee while the Department of Justice's criminal investigation into Powell was ongoing. Tillis viewed the investigation as an attack on the central bank's independence. The investigation reportedly concluded last Friday.