Sen. Tillis supports Powell remaining on Fed board after chair term ends
Updated
Updated · The Wall Street Journal · Apr 28
Sen. Tillis supports Powell remaining on Fed board after chair term ends
14 articles · Updated · The Wall Street Journal · Apr 28
Tillis said Powell may stay briefly after his chair term expires May 15 to oversee ongoing reviews.
He cited the need for an inspector general review of the Fed's construction project and a Justice Department appeal to conclude.
Tillis’s recent support for Kevin Warsh’s confirmation follows the Justice Department’s decision to suspend its probe, removing obstacles to new Fed leadership.
What does nominee Kevin Warsh's agenda mean for US monetary policy?
What happens if the Inspector General uncovers criminal conduct in the Fed probe?
Will the Fed's $600 million building cost overrun lead to new oversight rules?
How might the probe into a construction project threaten central bank independence?
On what legal grounds can the DOJ appeal a ruling that found 'zero evidence'?