Press Releases
“Warsh Can’t Just Get A Rubber Stamp” – Joint Economic Committee Senior House Dem. BeyerCongressman Don Beyer (D-VA), Senior House Democrat on Congress’ Joint Economic Committee and member of the House Committee on Ways and Means, today urged the Senate to subject President Trump’s Fed Chair nominee, Kevin Warsh, to “hard questions about independence and monetary policy.” Beyer said: “Trump chose Kevin Warsh for Fed Chair because his father-in-law is a billionaire donor, the brains behind Trump’s idiotic scheme to invade Greenland. He also chose him because Warsh has shown willingness to wildly alter his views on monetary policy based on who is in the White House, and because he is ‘out of central casting.’ “The Senate should note these bad qualifications and remember Warsh’s awful track record at the Fed during the 2008 financial crisis and Great Recession. These concerns along with Trump’s attacks on the Fed mean this nominee must face hard questions about independence and monetary policy. Warsh can’t just get a rubber stamp.” |