Tillis Backs Warsh for Fed Chair

0:00It's April 26th. This is Entertainment and Celebrity News, today AI-powered stories from the spotlight. Senator Tom Tillis from North Carolina just announced he's ready to vote Kevin Worsh through to the full Senate as the next Federal Reserve Chair, replacing Jerome Powell. This shift happened days after the U.S. Attorney for the District of Columbia shut down the criminal probe into Powell. Tillis sits on the Senate Banking Committee and had made it clear he wouldn't back Worsh until that investigation wrapped up. Now with firm word from the Justice Department that the case is closed for good, barring any new Inspector General referral, Tillis is all in on the nomination. Worsh looks set to get confirmed soon, letting the Fed shake off the drama and zero in on steering the economy.