Republican Sen. Thom Tillis vows to block Trump's Fed nominees following Powell probe

Republican Sen. Thom Tillis has vowed to block President Trump's Federal Reserve nominees following the probe into Federal Reserve Chair Jerome Powell. This move is a significant obstacle for Trump as he seeks to replace Powell.

Tillis, a North Carolina Republican, has expressed concerns about the potential nominees and has stated that he will not support them. This decision is a major setback for Trump, who has been trying to replace Powell with a more conservative candidate.

The probe into Powell is a result of Trump's pressure campaign, which has raised concerns about the independence of the Federal Reserve. The investigation has sparked a heated debate about the role of the Fed in the economy and the potential consequences of Trump's actions.

The move by Tillis is a significant development in the ongoing saga surrounding the Federal Reserve and the Trump administration. It remains to be seen how this will play out and what the consequences will be for the economy and the Fed.

Sources

[1] Republican Sen. Thom Tillis vows to block Trump's Fed nominees following Powell probe
[2] Sen. Kelly sues DOD Sec. Hegseth, says he was punished for 'disfavored political speech'
[3] Form 13F SAX WEALTH ADVISORS For: 12 January