SCOTT APPLAUDS SENATE CONFIRMATION OF KEVIN WARSH TO LEAD THE FEDERAL RESERVE

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:

Today, Senator Tim Scott (R-S.C.), Chairman of the Senate Banking Committee, released the following statement after the Senate voted to confirm Kevin Warsh to serve as Chair of the Federal Reserve Board of Governors:

"President Trump made an excellent choice in nominating Kevin Warsh to lead the Federal Reserve, and his confirmation today is an important step toward restoring confidence and credibility at our central bank. The Federal Reserve's decisions touch every American household, from what families pay for groceries and housing to how far their paychecks go at the end of each month. Families in South Carolina and across the country want lower costs, more opportunity, and a Fed that stays focused on its core mission of stable prices, maximum employment, and the American people, not politics," said Chairman Scott.