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Senator Tillis agrees to advance Wash's Federal Reserve Chair nomination, with the probability of confirmation rising to 93% before May 15.
ME News, April 26 (UTC+8): Senator Tom Tillis previously said he would obstruct the confirmation of the nomination for the Fed chair, but has now backed down and is prepared to support the Senate confirmation process. Tillis had previously insisted that the Department of Justice halt its investigation into Powell before clearing Kevin Wosh’s nomination. However, in Washington, D.C., prosecutor Piro announced that he would suspend the investigation into Powell regarding Federal Reserve building costs. This change has paved the way for Kevin Wosh’s nomination as Fed chair. According to PolyBeats monitoring, the prediction market Polymarket shows that the probability of Wosh being confirmed as Fed chair has risen to 93%. (Source: MLion)