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Senator Tillis agrees to advance Wosch’s nomination for Federal Reserve Chair; by May 15, the probability of confirmation rises to 93%.

2026-07-20 13:29:33

Abstract generation in progress

ME News message: April 26 (UTC+8). Senator Tom Tillis previously said he would block the confirmation of Federal Reserve chair nominee Wosh, but he has now made a concession and is prepared to support the Senate’s confirmation process. Tillis had insisted that the Department of Justice stop its investigation into Powell before he would clear Wosh’s nomination. However, after Peiro, the U.S. Attorney for the District of Columbia, 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 Federal Reserve chair. According to monitoring by PolyBeats, the prediction market Polymarket shows that the probability of Wosh being confirmed as Federal Reserve chair has risen to 93%. (Source: MLion)

POLYMARKET-25.16%

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