Treasury Sec. Besant, GOP Senators Agree to Shift Fed Chair Powell Investigation to Senate Banking Committee

Published: Feb 13, 2026 17:29

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During a closed-door meeting with Republican senators, US Treasury Secretary Besant reached a consensus to transfer the investigative authority over Fed Chairman Powell from the Department of Justice to the Senate Banking Committee. According to informed sources, this move aims to persuade Senator Thom Tillis to cease obstructing the nomination of Wash for the position of Fed Chairman.

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