The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Chairman Tim Scott after the Senate voted to confirm Kevin Warsh as Chair of the Federal Reserve Board of Governors. Scott described the confirmation as an important step toward restoring confidence and credibility at the central bank. In the statement, Scott linked the leadership change to the Federal Reserve's effect on household costs and incomes, citing groceries, housing, and purchasing power. He said families want lower costs and more opportunity, and argued that the Federal Reserve should stay focused on stable prices, maximum employment, and the American people rather than politics.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-05-13
U.S. Senate Committee on Banking, Housing and Urban Affairs chairman welcomes Senate confirmation of Kevin Warsh as Chair of the Federal Reserve Board of Governors
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Chairman Tim Scott following the Senate’s confirmation of Kevin Warsh as Chair of the Federal Reserve Board of Governors, calling it an important step toward restoring confidence and credibility at the central bank. Scott linked the leadership change to the Federal Reserve’s impact on household costs and incomes and urged the central bank to focus on stable prices, maximum employment, and the American people over politics.