Published Mon, Jan 12 2026
Jeff Cox
Key Points
- Sen. Thom Tillis, R-N.C., said he will block any Trump Fed nominees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges.
- That position substantially complicates the road to replacing Powell, whose term as chair expires in May.
- While Powell’s term as chair ends in May, he can stay on as governor until 2028. He has not indicated yet whether he will do so.
- Many congressional Republicans are unhappy with the DOJ criminal investigation into Fed Chair Powell






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