Trump's dispute with Powell has become a "stumbling block" for Wash's appointment.

2026-02-02 21:41:46

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Odaily Planet Daily reports that institutions have pointed out that before the new Federal Reserve Chair begins to push for interest rate cuts, Trump may have to abandon his punitive actions against Powell. Trump’s criminal lawsuit against Powell has angered some of Trump’s allies in Congress and has also led a key Republican senator, Tillis, to vow to block all Federal Reserve nominations until the investigation results are out. As of now, Tillis still maintains his stance. Meanwhile, Trump has not backed down; he even stated that he is willing to wait until Tillis retires in January 2027 before allowing Wosh to obtain Senate approval.

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LongAndShortSuckers

· 20h ago

Trump offended some congressional allies by filing criminal charges against Federal Reserve Chairman Powell, leading key Republican Senator Tillis to threaten to block the Fed's nominations. Trump said he is willing to wait until Tillis retires before pushing forward with the nominations.

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