Sen. Thom Tillis drops opposition, says he’ll back Kevin Warsh’s Fed confirmation

sen. thom tillis said sunday he'll back kevin warsh's confirmation as the next fed chair. tillis had been a holdout, but changed his position after the justice department dropped its criminal case against outgoing chair jerome powell. tillis is a republican from north carolina. warsh was nominated by the white house to replace powell. the justice department's decision to drop the case against powell removed the key obstacle for tillis.