Senator Andy Kim Statement on Nomination of Kevin Warsh for Fed Chair

WASHINGTON, D.C. – Today, Senator Andy Kim (D-NJ), Ranking Member of the Subcommittee on National Security and International Trade and Finance on the Senate Banking, Housing, and Urban Affairs Committee, released the following statement regarding President Trump announcing the nomination of Kevin Warsh to be Chair of the Federal Reserve Board of Governors:

“President Trump has shown zero inclination to stop his crusade against the Federal Reserve's independence, including by personally and politically going after Chair Powell and Fed Governor Lisa Cook. Any consideration of Kevin Warsh’s nomination can only come after this president stops trying to use the Department of Justice as his political attack dog against The Fed Board.

“The Senate must not settle for anything less than complete commitment to The Fed’s independence from both President Trump and anyone he nominates to sit in such a critical role for our economy and Americans’ financial security.”