Powell Probe Just a 'Flex,' Say Senator Tillis

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Senator Thom Tillis is delaying approval of a new Federal Reserve nominee until a Justice Department probe into the Fed's renovations is complete, citing the investigation as a 'flex' to pressure current Chair Powell to step aside.

Market Impact

Market impact analysis based on bearish sentiment with 70% confidence.

Sentiment
Bearish
AI Confidence
70%
Time Horizon
Short Term

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Republican Senator Thom Tillis is sticking to his guns and says he won't approve any nominee to lead the Federal Reserve until a Justice Department probe into the Fed’s renovations is over. “We could have a hearing all we want but until the investigation is done, I still believe that the initial inquiry and the investigation was a flex to try and get the current chair to step aside,” Tillis said on Bloomberg Surveillance. (Source: Bloomberg)

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Original article published by Bloomberg on February 13, 2026.
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