FETTERMAN STATEMENT ON VOTE TO CONFIRM KEVIN WARSH AS FEDERAL RESERVE CHAIR

The following information was released by Pennsylvania Senator John Fetterman:

After joining his colleagues in a 54-45 vote to confirm Kevin Warsh as the next Chair of the Federal Reserve, Senator Fetterman today released the following statement:

"I've met Kevin Warsh and believe he will be transparent and responsive to Congress and the public. His promise to maintain Fed independence in setting interest rates is crucial and I look forward to working with him.

"I also maintain we owe an enormous debt of gratitude to Chair Powell. Through multiple administrations and a global pandemic, our economy has been the envy of the world under his steady hand. He never broke the law, has done a remarkable job, and I'm profoundly grateful for his service as Chair. I encourage him to stay on the Fed Board as long as he wants."