Let's wrap up this investigation so he can back his confirmation," asserted Tillis this Tuesday during Warsh's appearance before the Committee, made up of 13 Republicans and 11 Democrats. This balance of power makes Tillis's vote crucial for moving forward with Warsh's nomination.

The relationship between Powell and Trump has been marked by their clashes over the direction of interest rates and the constant pressure from the White House tenant to get the Fed to lower them. After the investigation kicked off, the Fed chair stated it was part of "the ongoing threats and pressure" from the Trump Administration.