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DOJ ends Powell probe and Tillis advances Warsh Fed chair pick
Business
Published on 27 April 2026
The investigation that stalled everything is officially over
Senator Thom Tillis has cleared the way for Kevin Warsh’s nomination to become Federal Reserve chair after the DOJ ended its probe into current chair Jerome Powell. With Warsh’s confirmation process now moving forward, the Senate could vote before Powell’s term ends, ending months of uncertainty about the Fed’s top leadership.
- DOJ closed its probe into Fed Chair Jerome Powell
- Senator Thom Tillis advanced Kevin Warsh’s confirmation path
- Warsh’s nomination is set for Senate approval before Powell’s term ends
- The decision ends months of uncertainty over Fed leadership
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times