Senator Tim Scott, a Republican from South Carolina and chairman of Senate Banking, Housing, and Urban Affairs Committee, during a confirmation hearing in Washington, DC, US, on Thursday, Oct. 30, 2025. Eric Lee | Bloomberg | Getty Images Sen. Tim Scott, R-S.C., said Wednesday he does not think Federal Reserve Chairman Jerome Powell committed any crime when he testified before the Senate last year — even as a Department of Justice investigation centered on that testimony continues. Scott, who chairs the Senate Banking Committee, also predicted fellow GOP Sen. Thom Tillis of North Carolina will end his blockade of Kevin Warsh, President Donald Trump’s pick to replace Powell as Fed chair. Tillis on Wednesday in an interview with CNBC’s “Squawk Box” doubled down on his vow that he will not vote to advance Warsh out of the Banking Committee until the Powell probe is dropped. Scott, in a Fox Business interview Wednesday morning, initially slammed Powell. “I believe that it’s time for a new [Fed] Chair, and thank God Almighty, we’re getting ready to get …