Sen. Thom Tillis (R-N.C.) said Tuesday he was hopeful that issues surrounding the Federal Reserve would be resolved, allowing Kevin Warsh’s nomination as central bank chair to move forward.
Tillis acknowledged that Warsh’s nomination might have to sit at the Senate Banking Committee “for some time,” given the senator’s objections to moving forward with any Fed nominees until a Justice Department probe related to the current chair, Jerome Powell, is concluded.
“But I’m optimistic it’s going to get cleared up,” he told reporters.
Tillis was scheduled to meet with Warsh on Tuesday afternoon, one of a series of meetings that the Fed chair nominee is holding now that his paperwork was officially sent to the Senate on Wednesday. Warsh met with Sen. John Barrasso (R-Wyo.) last week, according to a post on X from the senator, and he is scheduled to meet with Sen. Mike Rounds (R-S.D.) this week.
“I’ve known Kevin since he graduated college,” Sen. Bill Hagerty (R-Tenn.) said, when asked if he had met with Warsh. “He’s one of the people that I’ve always consulted on policy matters.”
The committee has not yet scheduled a nomination hearing.
Jordain Carney contributed to this report.
