Biden Adviser Suggests Holding Walsh Confirmation Hearing Alongside Powell Probe

BlockBeats News, February 9th, U.S. Treasury Secretary Yellen suggested that the nomination hearing of Wall's Fed be conducted concurrently with the investigation into current Chair Powell. Previously, Republican Senator Thom Tillis stated that he plans to delay the selection of the next Fed chair until the Department of Justice concludes its investigation into Powell. Although Tillis supports Wall's appointment as Fed chair, as a member of the Senate Banking Committee, he has repeatedly vowed to block this nomination until the Department of Justice uncovers the truth to uphold the Fed's independence.

Tillis's vote is crucial, as Republicans currently hold 13 out of 24 seats on the Senate Banking Committee, and they can unite to vote to forcefully confirm Wall's nomination. However, due to Tillis's defection, a tie vote may occur.