Bessent recommends holding the Wash nomination hearing simultaneously with the Powell investigation

GateUser-6433627c · 2026-02-09T04:37:50+00:00

U.S. Treasury Secretary Janet Yellen proposed holding the Fed Chair nomination hearing for Jerome Powell alongside the investigation of current Chair Powell. Republican Senator Tillis plans to delay the confirmation process, although he supports Powell, but calls for the Department of Justice to uncover the truth, which could result in a tied vote on the nomination.

GateUser-6433627c

2026-02-09 04:37:50

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February 9, U.S. Treasury Secretary Janet Yellen suggested holding the Fed Chair nomination hearing for Jerome Powell alongside the investigation into current Chair Powell. Previously, Republican Senator Thom Tillis stated that he plans to delay the selection of the next Fed Chair until the Department of Justice concludes its investigation into Powell. Although Tillis supports Wosh for Fed Chair, as a member of the Senate Banking Committee, he has repeatedly vowed to block the nomination until the Department of Justice uncovers the truth to maintain the independence of the Federal Reserve. Tillis’s vote is crucial; Republicans currently hold 13 out of 24 seats on the Senate Banking Committee, and they can unite to push through Wosh’s nomination. However, due to Tillis’s defection, a tie vote may occur.

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