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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.
ME News Report, April 26 (UTC+8), Senator Tom Tillis previously stated he would block the confirmation of Fed Chair Jerome Powell’s nomination, but has now made concessions and is prepared to support the Senate confirmation process. Tillis had previously insisted that the Department of Justice halt its investigation into Powell before releasing Wosh’s nomination. However, Washington D.C. prosecutor Piro announced that he would cease the investigation into Powell regarding Federal Reserve building costs. This development paves the way for Kevin Wosh’s nomination as Fed Chair. According to PolyBeats monitoring, the prediction market Polymarket shows that Wosh’s chances of being confirmed as Fed Chair have risen to 93%. (Source: MLion)