GOP senator says he’s open to compromise on Trump’s nominee to chair the Federal Reserve| India News
WASHINGTON — Republican Sen. Thom Tillis from North Carolina suggested Thursday he could support a compromise that would allow the Senate Banking Committee to start hearings on Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve. GOP senator says he’s open to compromise on Trump’s nominee to chair the Federal Reserve “What I heard being floated could be an off-ramp,” Tillis told reporters Thursday after a meeting of Senate Republicans. The compromise that has been suggested is for the banking committee, rather than the Justice Department, to investigate cost overruns on the Fed’s $2.5 billion renovation of two Washington, D.C., office buildings. Tillis said last month that he would block any consideration of Warsh or any other Trump nominees to the Fed until the Justice Department drops a criminal investigation of Fed chair Jerome Powell over his testimony last summer about the renovation. Tillis on Thursday reiterated that view in comments on the Senate floor. The investigation was revealed last month by Powell in an unusually blunt video statement, in which he said …
