Senator Thom Tillis has reversed his opposition and now supports Kevin Warsh’s confirmation as Federal Reserve Chair. This shift removes the main obstacle to Warsh’s confirmation ahead of Wednesday's Senate Banking Committee vote.
Tillis’s support suggests that a Department of Justice investigation into a previous tenure is no longer a barrier. With a Republican majority on the committee and Tillis now on board, the likelihood of further obstacles appears diminished. Traders in prediction markets have reacted strongly, with the probability of confirmation by May 15 surging to 95%.
Attention now turns to the committee vote. Any unexpected developments or comments from Democratic senators could influence the outcome.