Trump's Fed Shake-Up Faces Hurdles

0:00President Trump sparked some confusion during a Fox Business interview on April 15th when he declared Senator Tom Tillis from North Carolina is no longer a senator because he quit. Trump doubled down even after the hose corrected him, but fact checkers quickly called it out as false. This all ties back to their beef over the next federal reserve chair. Trump once Kevin Worsh confirmed to replace Jerome Powell, whom he's clashed with over slow interest rate cuts. Tillis sits on the key Senate banking committee that handles those confirmations. Tillis has made it clear he won't back a new chair until legal probes into Powell's Fed headquarters renovations wrap up. Those investigations space pushback as politically motivated and Tillis' stance packs punch because he's still actively voting in the Senate. Back in June 2025, Tillis announced he's not running for re-election after bucking Trump on a major tax and spending bill. He cited the need for more bipartisanship in D.C., but that's just opting out of another

1:00term. Not resigning. His seat runs through January 20th, 2027. Treasury Secretary Scott Bessent played it cool, saying Tillis has praised Worsh before and hearings will sort it out. With Tillis holding firm, Trump's Fed shake up faces real hurdles until his term naturally ends. That's the story for today. Durham News Today, Driven by AI, I'm Cory with the Story.