Warsh Confirmation Set to Advance as GOP Holdout Backs Vote.

The article focuses on Senator Thom Tillis lifting his blockade of Kevin Warsh's nomination to lead the Federal Reserve after the Justice Department ended a criminal investigation involving Fed Chair Jerome Powell, which Tillis viewed as a threat to the central bank's independence. Warsh, a former Fed governor, is expected to be confirmed swiftly, with the Senate Banking Committee scheduling a vote for April 29. The Justice Department's decision followed subpoenas related to cost overruns in the Fed building renovation, a matter now under review by the Fed’s inspector general. Despite the dropped criminal probe, uncertainty remains as Powell’s term on the Fed Board of Governors continues until 2028, and the inspector general’s inquiry is ongoing. [Extracted from the article]