The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Chairman Tim Scott endorsing President Trump’s decision to nominate Kevin Warsh to serve as Chair of the Federal Reserve Board and indicating the committee will proceed with a confirmation process. The statement highlighted the Federal Reserve’s impact on household finances, described accountability and credibility at the central bank as priorities, and noted Warsh’s prior service as a Federal Reserve Governor. It also underscored the importance of Federal Reserve independence and said the committee intends to run a timely confirmation process that examines Warsh’s vision for focusing the Federal Reserve on its core mission.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-01-30
U.S. Senate Committee on Banking, Housing and Urban Affairs chair applauds President Trump’s nomination of Kevin Warsh as Federal Reserve Chair
The U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Chairman Tim Scott, supports President Trump's nomination of Kevin Warsh as Chair of the Federal Reserve Board and plans a timely confirmation process to assess Warsh's vision for the Federal Reserve's core mission. The statement emphasizes the Federal Reserve's influence on household finances and the importance of its independence, highlighting Warsh's experience as a Federal Reserve Governor.