US Senator Tillis says the majority of Fed HQ overruns appear to be legitimate and the problem he has is the US AG putting Fed Chair Powell under investigation; reiterates have to end the DoJ investigation

Senator Tillis's comments signal growing political pressure on the Justice Department's investigation of Fed Chair Powell, which may influence perceptions of Fed independence.

Newsquawk StaffPublished 21 Apr 2026, 15:23 UTCOn the live feed at 15:03 UTC — 4 more headlines followed before this page went public

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15:12

Fed Chair nominee Warsh does not believe in forward guidance and says at this moment, supply side of the economy is changing dramatically; asked if he will be Trump's sock puppet, says absolutely not, he will be independent actor as Fed Chair

15:10

Salzgitter (SZG GY) prelim Q1 2026 (EUR): Pretax 200-300mln, Revenue 2.3bln (exp. 2.4bln); Raises FY EBT to 200-300mln (prev. 75-175mln) and EBITDA to 625-725mln (prev. 500-600mln); affirms FY revenue view of 9.5bln

15:03

US Senator Tillis says the majority of Fed HQ overruns appear to be legitimate and the problem he has is the US AG putting Fed Chair Powell under investigation; reiterates have to end the DoJ investigation

15:00

US to sell USD 69bln of 17-week bills on April 22nd, to sell USD 80bln of 4-week bills and USD 75bln of 8-week bills on April 23rd; to settle April 28th

15:00

Newsquawk Daily Economic Releases - 22nd April 2026

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Looks forward to supporting the Walsh nomination and DoJ investigation being taken down.

Context

His push to end the investigation suggests potential volatility in regulatory discussions surrounding the Fed, possibly affecting market sentiment towards the USD and risk assets. If this leads to a more favorable operating environment for the Fed, it could impact interest rate expectations and consequently fixed income markets.

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