Senator Thom Tillis lifts hold
Photo: Jose Luis Magana/AP/TT

Senator Thom Tillis lifts hold on Trump's Fed nominee Kevin Warsh

Senator Thom Tillis has lifted his hold on Kevin Warsh, who has been nominated by President Donald Trump to be the next head of the U.S. Federal Reserve (the Fed).

"I am prepared to continue the process of confirming Mr. Warsh," Tillis said in an interview with NBC on Sunday.

The announcement follows the US Department of Justice's Friday statement that the criticized criminal investigation into current Fed Chairman Jerome Powell is being closed.

The Trump administration has a long-standing conflict with the US Federal Reserve and, above all, with Powell.

Republican Tillis has previously said he will vote no on Warsh until the investigation into Powell has been resolved, which has effectively blocked the nomination.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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