DOJ Ends Powell Probe, Paving Way For Promising Kevin Warsh Fed Chair Confirmation In 2026

By Ananthyka J | Edited By Sahana Kiran,April 27, 2026, 8:30 AM

Republican Senator Thom Tillis decided to remove his hold on Kevin Warsh’s nomination for the Federal Reserve chair on April 27, 2026, after the Department of Justice (DOJ) ceased its three-month inquiry into Fed Chair Jerome Powell’s billion-dollar headquarters renovation project. This action removes a major procedural barrier in the Senate Banking Committee, where Tillis is a member, and gives Warsh a pathway to get confirmed before Powell’s term expiration on May 15.

DOJ Investigation Ends, Confirmation Advances

Tillis mentioned the U. S. Attorney’s Office investigation that was still ongoing as a reason for him not to support Warsh since he considered it a risk to the independence of the Fed. Now that the DOJ investigation is over, Tillis stated he “looks forward” to supporting Warsh, and he also welcomed a different inspector general review.

A vote by the Senate Banking Committee is set for April 29, and a full Senate vote could happen the week of May 11. However, former President Trump has been persistently advocating for rate cuts.

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Warsh’s Monetary Policy Outlook

According to disclosures, Warsh has invested in over 30 crypto projects, such as Solana and decentralized exchanges like dYdX, which means that he is probably acquainted with blockchain infrastructure and DeFi protocols. Leading the Fed, he will most likely have an impact on the regulatory approach to the digital asset market; however, the issues of inflation, rate policy, and preservation of central bank independence will continue to pose difficulties.

I have been clear from the start: the U.S. Attorney’s Office criminal investigation into Chair Powell was a serious threat to the Fed’s independence, and it needed to end before I could support Kevin Warsh’s confirmation. I welcome the Inspector General’s investigation. This is a…

— Senator Thom Tillis (@SenThomTillis) April 26, 2026

Warsh argues that the Fed will make its decisions independently and, in fact, has not publicly expressed commitment to any particular policy stance, thus leaving the markets to interpret the different signals on their own.

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Crypto Exposure and Industry Implications

Republican Senator Thom Tillis decided to remove his hold on Kevin Warsh’s nomination for the Federal Reserve chair on April 27, 2026, after the Department of Justice ceased its three-month inquiry into Fed Chair Jerome Powell’s billion-dollar headquarters renovation project. This action removes a major procedural barrier in the Senate Banking Committee, where Tillis is a member, and gives Warsh a pathway to get confirmed before Powell’s term expiration on May 15.

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