Tillis ends block of Fed chair nominee Warsh, clears way for Trump pick

George Mihalcea

Sen. Thom Tillis said Sunday he is willing to end his blockade of Federal Reserve chair nominee Kevin Warsh after the U.S. Department of Justice dropped its criminal investigation of Fed Chair Jerome Powell . Warsh now has a clear path to replacing Powell as the next leader of the Fed when Powell's term expires in mid-May. The Senate Banking Committee is set to vote on his confirmation on Wednesday, and the full Senate could take it up shortly after. With Tillis's support, Warsh's confirmation