A presidential pardon of Federal Reserve Chair Jerome Powell would not end Sen. Thom Tillis’ one-man blockade of central bank nominees, the North Carolina Republican said Tuesday.
Only the Justice Department resolving its investigation into Powell’s Senate testimony on a massive Fed renovation project would suffice, he added, doubling down on his intention to use his vote on the Senate Banking Committee as a bulwark against any attempt to dilute the bank’s independence.
Tillis is the main obstacle to the swift confirmation of Kevin Warsh, President Donald Trump’s nominee to replace Powell as Fed chair. He has vowed to oppose any Fed nominee…
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