US Treasury Secretary Bessent agreed with the suggestion that the Senate Banking Committee could investigate Fed Chair Powell, instead of the Department of Justice, Semafor reports citing sources; to see if Tillis (R) would lift his block on Fed nominees

The potential investigation of Fed Chair Powell by the Senate Banking Committee highlights a significant political maneuver that could impact Federal Reserve nominations.

Newsquawk StaffPublished 12 Feb 2026, 10:30 UTCOn the live feed at 10:10 UTC — 4 more headlines followed before this page went public

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US Treasury Secretary Bessent agreed with the suggestion that the Senate Banking Committee could investigate Fed Chair Powell, instead of the Department of Justice, Semafor reports citing sources; to see if Tillis (R) would lift his block on Fed nominees

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Some cited said this could be a good compromise. However, others were sceptical that this would be enough to get Tillis to remove the block.

Context

If successful, it may ease political tensions surrounding Fed appointments, which could in turn alter market expectations about future monetary policy and stability in the USD and interest rates. However, skepticism remains about whether this move will be sufficient to lift the current block, indicating ongoing uncertainty in the political landscape.

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