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Sen. Thom Tillis (R-N.C.) put the crisis to rest on Sunday, telling NBC’s Meet the Press he would vote to support Warsh’s nomination when it came before the committee this week. The Justice Department on Friday agreed to drop its criminal inquiry into Federal Reserve Chair Jay Powell.

Vault: Tillis relents, Warsh on Fed chair glidepath

This will be one hell of a week for the Federal Reserve.

Let’s start with the obvious: Kevin Warsh is now officially on track to be the 17th chair of the U.S. central bank as soon as next month.

We scooped the Senate Banking Committee’s big move late Friday night to schedule an executive session for Warsh on Wednesday. That decision came against a backdrop of considerable uncertainty.

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Presented by AstraZeneca

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by AstraZeneca

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