[The Dispute Between Trump and Powell Becomes a 'Stumbling Block' for Waller's Appointment] According to Golden Finance, institutions have pointed out that before the new Federal Reserve Chair can begin pushing for rate cuts, Trump may have to abandon his punitive actions against Powell. Trump's criminal lawsuit against Powell has angered some of his allies in Congress and prompted a key Republican lawmaker, Tillis, to vow to block all Federal Reserve nominations until the investigation's results are released. As of now, Tillis remains firm in his stance. Meanwhile, Trump has not backed down either, even stating that he is willing to wait until Tillis retires in January 2027 before allowing Waller to gain Senate approval.