WARREN STATEMENT ON NOMINATION OF KEVIN WARSH FOR FED CHAIR

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

United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement after President Trump announced the nomination of Kevin Warsh to serve as Chair of the Federal Reserve Board of Governors:

"Donald Trump said anybody who disagrees with him will never be Fed Chairman. Former Fed Governor Kevin Warsh who cared more about helping Wall Street after the 2008 crash than millions of unemployed Americans has apparently passed the loyalty test. This nomination is the latest step in Trump's attempt to seize control of the Fed and follows the Trump Administration's weaponization of the Department of Justice to open criminal investigations into Fed Governor Lisa Cook and sitting Fed Chair Jerome Powell.

"No Republican purporting to care about Fed independence should agree to move forward with this nomination until Trump drops his witch hunts of the current Chairman of the Federal Reserve and Governor Lisa Cook."

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