Tillis Won't Move Forward If Powell Case Is Still Open

• Senator Tillis will block any nominee for Fed Chair until the DOJ investigation into Jerome Powell's trading is wrapped up.
• He also requires the Lisa Cook Supreme Court case to be resolved before considering other Fed Board nominees.
• Tillis emphasizes that Fed independence is critically important and that current actions appear to undermine it.

Senator Thom Tillis is blocking Federal Reserve Board nominees, including the Fed Chair, until two key investigations/cases are resolved. He views these as attempts to undermine Fed independence, which he considers critically important for market confidence.