PANews reported on January 30th that Massachusetts Democratic Senator Elizabeth Warren expressed several concerns on Friday regarding Trump's decision to nominatePANews reported on January 30th that Massachusetts Democratic Senator Elizabeth Warren expressed several concerns on Friday regarding Trump's decision to nominate
Senator Warren called for a halt to Walsh's nomination until the investigation into Powell concludes.
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News Brief
On January 30th, PANews reported that Massachusetts Democratic Senator Elizabeth Warren voiced deep concerns regarding Trump's pick of Warsh for Federal Reserve Chair. Serving as the Senate Banking Committee's leading Democrat, Warren questioned Warsh's ability to lead the Fed free from White House interference. She noted that Trump has clearly stated anyone disagreeing with him won't secure the position. Moreover, Warren believes Warsh—who prioritized Wall Street interests over millions of unemployed Americans following the 2008 financial crisis—has evidently satisfied Trump's loyalty requirements. Therefore, Warren urged Republicans to delay Warsh's confirmation until the Justice Department concludes its investigation into current Fed Chair Powell. In her view, any Republican genuinely committed to the Fed's independence should reject advancing this nomination while Trump pursues his political vendetta against Powell and Governor Lisa Cook.
PANews reported on January 30th that Massachusetts Democratic Senator Elizabeth Warren expressed several concerns on Friday regarding Trump's decision to nominate Warsh. As the ranking Democrat on the Senate Banking Committee (and the first hurdle in Warsh's confirmation process), Warren questioned whether Warsh could lead the Federal Reserve without White House influence. "Trump has stated that anyone who disagrees with him cannot become Chairman of the Federal Reserve," Warren said in a statement. "Former Federal Reserve Governor Kevin Warsh—who was more concerned with helping Wall Street than with millions of unemployed Americans after the 2008 financial crisis—has clearly passed the loyalty test."
Warren called on Republicans to hold off on nominating Warsh until the Justice Department concludes its investigation into current Fed Chair Powell. “Any Republican who claims to care about the Fed’s independence should refuse to proceed with this nomination until Trump stops his ‘political witch hunt’ against current Fed Chair and Governor Lisa Cook,” she said.
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