Trending Now - Thom Tillis Clears Path for Kevin Warsh's Fed Nomination

WHO:

CNN - Republican Senator Thom Tillis, Kevin Warsh, President Trump, Jerome Powell

WHAT:

CNN - Thom Tillis announced he will support Kevin Warsh’s appointment as the next Fed chair.

NBC News Politics - Tillis had previously blocked confirmation votes for Warsh.

NBC News - Tillis stated he is “prepared to move on with the confirmation” of Warsh.

WHERE:

CNN - The confirmation process is overseen by the banking committee, which Tillis is a part of.

WHEN:

CNN - Jerome Powell's term as Fed Chair ends on May 15.

WHY:

CNN - Tillis blocked Warsh’s nomination due to a Justice Department probe into Jerome Powell, which was dropped recently.

HOW:

NBC News - The Trump administration ended its federal criminal probe into Powell, allowing Tillis to lift his blockade on Warsh's nomination.

(UPDATED April 26, 2026 15:10 UTC)

Senator Thom Tillis has announced his support for Kevin Warsh’s appointment as the next chair of the Federal Reserve, marking a significant shift after he previously blocked confirmation votes for Warsh. This change comes in light of the Trump administration's decision to end a federal criminal probe into Jerome Powell, allowing Tillis to move forward with the confirmation process, which he is overseeing as a member of the banking committee. Powell's term as Fed Chair is set to conclude on May 15, paving the way for Warsh's potential appointment.