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flag Sen. Thom Tillis blocks Trump’s Fed nominee Kevin Warsh until DOJ drops probe into former Fed Chair Powell’s renovation testimony.

flag Republican Sen. Thom Tillis of North Carolina remains opposed to advancing President Trump’s nominee Kevin Warsh to lead the Federal Reserve until the Justice Department drops its criminal investigation into former Fed Chair Jerome Powell’s testimony about the Fed’s $2.5 billion building renovation. flag Tillis calls the probe politically motivated and a threat to the central bank’s independence, but he signaled openness to a compromise: having the Senate Banking Committee investigate the renovation’s cost overruns instead. flag The idea, reportedly suggested by Treasury Secretary Scott Bessent, is seen as a potential alternative but not yet formalized. flag Tillis supports Warsh as a nominee and noted that seven GOP senators on the committee believe Powell did not commit a crime during his brief testimony.

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