Senate Republicans moved closer to installing Kevin Warsh as the next Federal Reserve chairman after Sen. Thom Tillis said Sunday he would end his weeks-long blockade of the nomination.
Tillis, a Republican from North Carolina, had refused to advance Warsh or any other Fed nominee while the Justice Department pursued a criminal investigation into current Chairman Jerome Powell over cost overruns in a renovation of the central bank’s headquarters. Critics on both sides of the aisle had called the probe politically motivated.
The impasse broke Friday when Jeanine Pirro, the U.S. attorney for the District of Columbia, announced the Justice…
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