Fed chair drama: Tillis pours cold water on off-ramp for Powell criminal probe

Group 1 - Senator Thom Tillis rejected a proposal to end the Department of Justice's criminal investigation into Federal Reserve Chair Jerome Powell, which would have facilitated the confirmation of his successor, Kevin Warsh [1] - The proposal aimed to transfer the investigation from the DOJ to the Senate Banking Committee, thereby alleviating the threat of criminal prosecution against Powell while still aligning with President Donald Trump's support for the DOJ probe [2] - Tillis emphasized the importance of maintaining an independent Federal Reserve and stated that the investigation should not be circumvented [2]