Tillis Statement on Powell Investigation

Apr 26 2026

Tillis Statement on Powell Investigation

WASHINGTON, D.C. - Today, Senator Thom Tillis (R-NC), a member of the Senate Banking Committee, issued the following statement:

"I have been clear from the start: the U.S. Attorney's Office criminal investigation into Chair Powell was a serious threat to the Fed's independence, and it needed to end before I could support Kevin Warsh's confirmation. I welcome the Inspector General's investigation. This is a necessary and appropriate measure, and I have confidence it will be conducted thoroughly and professionally.

"I take the Department of Justice at its word: the investigation is closed, and any appeal of Judge Boasberg's ruling will be with respect to legal principles and not for the purpose of reissuing subpoenas. Only a criminal referral from the inspector general would cause a reopening of the investigation.

"With these assurances, I look forward to supporting Kevin Warsh's confirmation. He is an outstanding nominee, and it is time for the Federal Reserve to move beyond this distraction and return its full attention to its mission."

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