Yellen Proposes Concurrent Powell Investigation and Walsh Nomination Hearing

2026-02-09 12:45

U.S. Treasury Secretary Yellen has proposed holding the nomination hearing for Wash as Federal Reserve Chair concurrently with the investigation into current Chair Powell. This suggestion comes amid Republican Senator Thom Tillis's plan to delay the nomination until the Department of Justice concludes its investigation into Powell. Tillis, a member of the Senate Banking Committee, supports Wash's nomination but insists on clarity from the DOJ to ensure the Federal Reserve's independence. With Republicans holding 13 of the 24 committee seats, Tillis's stance could be pivotal, potentially leading to a tie if he switches sides.

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