The dispute between Trump and Powell affects the nomination process of the Federal Reserve in Walsh

Institutions point out that Trump may need to abandon his punitive action against Powell before the new Federal Reserve chairman pushes for a rate cut. Trump's criminal charges against Powell have angered some congressional allies, with Republican Congressman Tillis vowing to block all nominations from the Federal Reserve until the investigation results are released. At present, Tillis still maintains its position. Trump expressed his willingness to wait until Tillis retires in January 2027 before pushing for approval of the Walsh Senate nomination.