Senator Thom Tillis has agreed to advance Kevin Warsh's nomination for Federal Reserve Chair, significantly boosting the chances of confirmation. Tillis had previously opposed the nomination, demanding the Department of Justice end its investigation into Powell's Federal Reserve building costs. Following the announcement by U.S. Attorney Piro that the investigation would be discontinued, Tillis has withdrawn his opposition.
This development has led to a surge in the prediction market, with Polymarket now estimating a 93% probability of Warsh's confirmation by May 15. The shift in Tillis's stance marks a pivotal moment in the confirmation process, clearing a major hurdle for Warsh's appointment.
Senator Tillis Supports Warsh's Fed Chair Nomination, Confirmation Odds Soar
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