Tillis Vows to Block Warsh Nomination Until Fed Legal Fight Ends

Republican Senator Thom Tillis reiterated his intention to block Kevin Warsh from becoming chairman of the Federal Reserve until a criminal investigation into renovations at the Fed is stopped, despite his belief that the nomination is a good one.

In an interview with Bloomberg Television shortly after President Donald Trump announced he had chosen Warsh to replace current chair Jerome Powell, Tillis praised the pick but said he wouldn’t allow it to move forward for now.