🚨 Senator Thom Tillis Just Blocked Trump’s Fed Chair Pick Kevin Warsh — What Happens Next? 🚨
Kevin Warsh was expected to be the next Federal Reserve Chair after Trump nominated him. But now that process has hit a wall. Senator Thom Tillis has blocked the confirmation at the Senate Banking Committee stage, which means Warsh cannot move forward to a full Senate vote. For now, Jerome Powell remains in control.
The real reason behind this is the ongoing DOJ investigation into Powell. The investigation is focused on whether Powell misled Congress about the Fed’s $2.5 billion building renovation project. Tillis made it clear he does not want any leadership transition happening while this investigation is unresolved.
From his point of view, replacing a Fed Chair who is under investigation could raise serious questions about political pressure and Fed independence. So instead of rushing the transition, he chose to stop it completely until there is clarity.
What this means in practice is simple. Nothing changes immediately. Powell stays. The current policy direction stays. The liquidity environment stays predictable.
👉 My take is this is more about timing than outcome. The transition itself is not cancelled, but now it depends entirely on how this investigation plays out. Until that uncertainty clears, the system stays under Powell’s control.
Markets don’t react to nominations alone. They react to confirmed change. And right now, that change is on hold.
