POLITICS

Tillis Withdraws Opposition, Clearing Way For Warsh Confirmation

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Washington, D.C.: Republican Sen. Thom Tillis said Sunday he would withdraw his opposition and vote to confirm President Donald Trump's nominee Kevin Warsh to lead the Federal Reserve after receiving assurances that the Justice Department's probe into the Fed headquarters renovation is effectively settled. Tillis's prior stance had been prompted by the DOJ review and reports about the investigation. The change, announced this week on Meet the Press, followed U.S. Attorney Jeanine Pirro's April 24 statement that she paused the DOJ inquiry and referred oversight to the Federal Reserve's Office of Inspector General. The referral shifts oversight responsibility, clears a major procedural hurdle for Warsh, and moves the nomination closer to a Senate consideration and potential vote.

Prepared by Lauren Mitchell and reviewed by editorial team.

Timeline of Events

DOJ opened a probe into Federal Reserve renovation costs (date preceding April 2026).
Sen. Thom Tillis announced opposition to Trump Fed picks citing the DOJ probe.
U.S. Attorney Jeanine Pirro said she paused the DOJ investigation on April 24, 2026.
Pirro referred renovation oversight to the Federal Reserve's Office of Inspector General.
Sen. Tillis told Meet the Press he would move to confirm Kevin Warsh.

Why This Matters to You

The Federal Reserve impacts your wallet. It sets interest rates, affecting your loans and savings. This change in leadership could shift economic policies. Keep an eye on any changes to interest rates or financial regulations.

The Bottom Line

Kevin Warsh's confirmation is now more likely. This could mean a new direction for the Federal Reserve. If you're planning any big financial moves, stay informed about Fed decisions. Worth forwarding if you know someone keeping a close eye on the economy.