The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Chairman Tim Scott after Kevin Warsh was sworn in as Chair of the Federal Reserve Board of Governors, in which Scott described Warsh as an experienced leader who can restore trust in the Federal Reserve, protect its independence and keep it focused on stable prices and maximum employment, while linking the leadership change to concerns about costs and affordability for U.S. families, workers and small businesses.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-05-22
U.S. Senate Committee on Banking, Housing and Urban Affairs issues statement on Kevin Warsh swearing in 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 Kevin Warsh’s swearing-in as Chair of the Federal Reserve Board of Governors. Scott highlighted Warsh’s experience and said he expects him to restore trust in the Federal Reserve, safeguard its independence and maintain its focus on stable prices and maximum employment amid concerns over costs and affordability for U.S. households and small businesses.