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News  ›  Benzinga

Senator Tillis Opposes Upcoming Fed Chair Nominee Over DOJ Subpoenas, Blasts Trump's 'Push' To Control Central Bank

Benzinga Logo Benzinga By Rishabh Mishra
Senator Tillis Opposes Upcoming Fed Chair Nominee Over DOJ Subpoenas, Blasts Trump's 'Push' To Control Central Bank

Senator Thom Tillis pledged to block confirmation of any Federal Reserve nominees, including the next Fed Chair, in response to DOJ subpoenas threatening criminal indictment against Chair Jerome Powell. Powell characterized the threat as unprecedented political pressure over interest rate decisions. The conflict centers on Fed independence versus administration pressure to reshape monetary policy leadership.

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Mentioned as launching tokenization initiatives without specific details about success or scale


SPY   neutral

The article mentions SPY closed higher on Friday (+0.66%) but futures were trading lower on Monday. The political uncertainty around Fed leadership and monetary policy creates mixed signals, but the ETF itself is not directly impacted by the political conflict.