March 11, 2026

Senator Thom Tillis (R-N.C.) has openly criticized the Department of Justice for what he considers an unnecessary probe into Federal Reserve Chair Jerome Powell. During a press interaction on Wednesday, Tillis voiced his discontent, suggesting that the DOJ should concede its error in launching the investigation.
The inquiry into Powell began with subpoenas issued by the DOJ in January, focusing on his Congressional testimonies regarding the Federal Reserve's headquarters renovations. Powell, in a rare public response, released a video message claiming the investigation was a tactic to coerce him into reducing interest rates. Echoing Powell’s concerns, Tillis argued that the investigation has escalated to "the point of the absurd."
Tillis further highlighted his stance by refusing to assist in resolving the ongoing impasse affecting the confirmation of Fed nominees. This includes President Donald Trump's choice for Fed Chair, Kevin Warsh. "I’m not going to try and help them out of a box canyon," Tillis declared, emphasizing that the only exit strategy was for the DOJ to admit its mistake.
In an effort to illustrate the baselessness of the probe, Tillis pointed out that several Republican members of the Banking Committee, who were present during the alleged incidents under scrutiny, have attested that no wrongdoing occurred. "You got seven witnesses at this alleged scene of the crime — including the chair, who said no crime was committed," he stated during the press meet.
On social media platform X, Tillis expressed his anticipation for a resolution from the D.C. District Court, which is currently reviewing a motion by the Fed to quash the DOJ's subpoenas. These proceedings are usually confidential due to their pre-indictment nature.
Tillis also conveyed his hope that the matter would be resolved swiftly to allow Warsh's confirmation before Powell’s term concludes in May. After meeting with Warsh, Tillis praised his qualifications and vision for the Federal Reserve, lamenting that the ongoing investigation hindered his ability to support Warsh's nomination.
The senator's remarks underscore a growing frustration among certain political figures over the DOJ's actions, which they perceive as overly intrusive and politically motivated.
*Connor O'Brien and Kyle Cheney contributed to this report.*