Powell Probe Just a 'Flex,' Say Senator Tillis
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Why it matters
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.
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Market impact analysis based on bearish sentiment with 70% confidence.
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- groq-llama-3.1-8b-instant
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- groq-llama-3.1-8b-instant
- Article id
- 45659
Original source
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. Analysis and insights provided by AnalystMarkets AI.