DURBIN STATEMENT ON CONFIRMATION OF KEVIN WARSH TO BE THE NEXT FEDERAL RESERVE CHAIR

The following information was released by Illinois Senator Richard J. Durbin:

U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, released the following statement after voting against the nomination of Kevin Warsh to serve as the next Chair of the Federal Reserve:

"Americans are struggling more than ever to afford basic goods, and yesterday, data showed that Trump's war of choice in Iran has caused inflation to reach 3.8%the highest in three years. Working families deserve a central bank that will fight for them, not the President and his billionaire buddies. I am not convinced that Mr. Warsh has the willingness to do what is best for the American people. For that reason, I voted no on his nomination.

"I also want to commend Jerome Powell for serving with competency and dignity, and for standing firm in the face of this President's tirades. The Justice Department must finally put to bed the possibility of pursuing baseless, politicized charges against Chair Powell in the future."