Republican senator vows to block all Fed nominations after DoJ investigates Powell

Thom Tillis says he would oppose any nominee, including upcoming chair vacancy, ‘until legal matter is fully resolved’A Republican senator has vowed to block all Federal Reserve nominations after the justice department opened a criminal investigation into the Fed chair, Jerome Powell, inflaming tensions over the central bank’s independence.Thom Tillis of North Carolina, a member of the banking committee that oversees Fed appointments who is retiring at the end of his term later this year, said Sunday he would oppose any nominee for the Fed, including the upcoming chair vacancy, “until this legal matter is fully resolved.” Continue reading...