Thom Tillis

Force in Play

Called the Iran deal potentially 'doomed to fail' on May 25; demanded Senate ratification; also slammed Defense Secretary Hegseth's advice to Trump on the war

Iran said two oil tankers hit mines and caught fire in the Strait of Hormuz on November 8. A third vessel also burned, bringing the number of ships hit since the start of November to at least 12. The US military disabled a commercial vessel in the Gulf of Oman, and Iran's Revolutionary Guard later disabled navigation systems on four tankers using a route it considers unauthorized. Ship tracking put Hormuz traffic at about 5% of pre-war levels on November 10.

Updated Yesterday

Money Moves

Threatening to block Fed nominees over DOJ investigation

The Federal Reserve held its benchmark rate at 3.75% to 4.00% on October 28. Two officials dissented in favor of another quarter-point hike. Chair Kevin Warsh said inflation is still too high, though he called financial conditions tighter rather than tight.

Updated Oct 31

Money Moves

Opposing Fed nominations until Powell probe resolved

Gold pulled back sharply to $4,902.85 per ounce on January 31, 2026, after profit-taking triggered a 9% single-day decline on January 30 from the record $5,594.82 high reached January 29. Despite the correction—which saw prices slide more than 7% to below $4,980—gold remains on track for a monthly gain exceeding 15%, its strongest performance since the 1980s.

Updated Oct 30

Force in Play

Co-led congressional delegation to Copenhagen January 16-17

The United States has operated military bases in Greenland since 1941, under agreements with Denmark. On January 15, 2026, NATO allies deployed troops to the island to counter U.S. pressure after American-Danish talks collapsed. On January 17, President Trump announced 10% tariffs on eight European countries: Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom. The tariffs will rise to 25% by June unless 'a deal is reached for the Complete and Total purchase of Greenland.' On January 20, Trump declared on Truth Social that 'there can be no going back' on Greenland, calling it 'imperative for National and World Security.' That same day, Denmark deployed its Army Chief, General Peter Boysen, alongside 58 additional troops to Greenland, bringing total Danish military presence to approximately 178 personnel for Operation Arctic Endurance.

Updated Oct 23

Rule Changes

As of May 2026: Vowed to block Warsh confirmation until Powell DOJ investigation concludes

No president has fired a sitting Federal Reserve governor in the central bank's 112-year history. Donald Trump is trying to be the first and wants to replace the Fed chair with a loyalist.

Updated May 22

Money Moves

As of May 2026: Maintaining blockade against Warsh nomination; creates 12-12 Senate Banking Committee deadlock

On January 30, 2026, President Trump nominated former Fed Governor Kevin Warsh to succeed Jerome Powell as Fed Chair when Powell's term expires in May. Gold, which had surged to a record $5,626 per ounce amid the constitutional crisis over Powell's criminal investigation, plunged 11% in hours as investors bet Warsh would preserve central bank independence.

Updated May 20

Rule Changes

As of May 2026: Blocking all Trump Fed nominees; retiring at end of term

No president has ever criminally investigated a sitting Federal Reserve chair. When Trump's Justice Department served Jerome Powell with grand jury subpoenas on January 11, two Republican senators announced they would block all Fed nominees until the probe ends. With a 13-11 GOP majority on the Banking Committee, even one defection creates a confirmation stalemate.

Updated May 20

Rule Changes

As of May 2026: Voted to confirm Warsh after DOJ dropped Powell probe

The Senate confirmed Kevin Warsh as the 17th Federal Reserve chair on May 13, 54-45—the closest such vote on record. He took over on May 15, when Jerome Powell's term expired and Powell stepped back to a regular governor seat.

Updated May 15