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Senator Tillis agrees to advance Wash's Federal Reserve Chair nomination, with the probability of confirmation rising to 93% before May 15.
BlockBeats News, April 26 — Previously, Senator Thom Tillis, who had explicitly stated he would obstruct the confirmation of Jerome Powell as Federal Reserve Chair, has made a concession and is now prepared to advance the Senate confirmation process. Tillis had previously stated firmly: as long as the Department of Justice does not cease its investigation into Powell, he will not support Wosh’s nomination. However, on April 24, U.S. District Attorney for Washington, D.C., John Piro, announced that the investigation into the Federal Reserve building costs involving Fed Chair Powell will be halted.
Thom Tillis’s concession has paved the way for Kevin Wosh’s nomination as Federal Reserve Chair to be confirmed. According to PolyBeats monitoring, the probability of “Wosh being ultimately confirmed as Federal Reserve Chair” on the prediction market Polymarket has increased, with the chance of confirmation before May 15 rising to 93%.