Senator Murkowski has stated that if the Department of Justice investigates Chair Powell based on cost overruns, Congress should investigate the Department of Justice to protect the Federal Reserve’s independence. Senator Tillis is blocking all Federal Reserve nominees until the Justice Department ends its investigation into Powell and other Fed officials. Tillis believes the Department of Justice’s credibility is now in question and will oppose any Fed nominees, including for the upcoming Chair vacancy, until the matter is resolved. The Senate Banking Committee’s current Republican majority gives Tillis significant power to stall nominations.
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DHS Agents Reluctant to Deploy to Minneapolis Amidst Growing Backlash
Senator Murkowski has stated that if the Department of Justice investigates Chair Powell based on cost overruns, Congress should investigate the Department of Justice to protect the Federal Reserve’s independence. Senator Tillis is blocking all Federal Reserve nominees until the Justice Department ends its investigation into Powell and other Fed officials. Tillis believes the Department of Justice’s credibility is now in question and will oppose any Fed nominees, including for the upcoming Chair vacancy, until the matter is resolved. The Senate Banking Committee’s current Republican majority gives Tillis significant power to stall nominations.
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