2 key GOP senators push back on Fed nominations following DOJ threats against Powell

Source: Yahoo Finance

Sens. Thom Tillis of North Carolina and Lisa Murkowski of Alaska quickly answered the question Monday of whether any Republicans would push back on the Justice Department's criminal probe of Federal Reserve Chair Jerome Powell.

Tillis was out first Sunday night with a statement saying he will seek to put a stop to all of Trump's central bank nominees over the issue.

"I will oppose the confirmation of any nominee for the Fed — including the upcoming Fed Chair vacancy — until this legal matter is fully resolved," the retiring GOP senator wrote.

Murkowski followed with her own statement on Monday, saying that she spoke with Powell on Monday morning and called the administration's investigation "nothing more than an attempt at coercion," adding that Tillis "is right in blocking any Federal Reserve nominees until this is resolved."

Read more: https://finance.yahoo.com/news/2-key-gop-senators-push-back-on-fed-nominations-following-doj-threats-against-powell-174342357.html