In a statement released ahead of President Donald Trump’s swearing in of Kevin Warsh as Chair of the Federal Reserve, Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, said Warsh had damaged his credibility, accused him of putting Trump’s political interests ahead of the economic well-being of U.S. families, and linked the Federal Reserve’s ethics concerns to his refusal to disclose who provided USD 100 million for what she described as secret investments.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-05-22
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member raises ethics and independence concerns over Kevin Warsh ahead of Federal Reserve chair swearing in
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement opposing Kevin Warsh’s swearing in as Chair of the Federal Reserve. She said Warsh had damaged his credibility, put President Donald Trump’s political interests ahead of U.S. families, and tied Federal Reserve ethics concerns to his refusal to disclose the source of USD 100 million in what she called secret investments.