Wash nominated for Federal Reserve Chairman, Senate first obstacle came forward.
Massachusetts Democratic Senator Elizabeth Warren expressed multiple concerns on Friday regarding President Trump's decision to nominate Kevin Warsh. As the ranking Democrat on the Senate Banking Committee, Warren questioned whether Warsh could lead the Federal Reserve without being influenced by the White House. "Trump has made it clear that anyone who disagrees with him cannot be the Fed chairman," Warren said in a statement. "Former Fed governor Kevin Warsh, who seemed more concerned with helping Wall Street after the 2008 financial crisis than the millions of unemployed Americans, has clearly passed the loyalty test." Warren called on Republicans to postpone Warsh's nomination until the Department of Justice concludes its investigation into current Fed Chair Powell. "Any Republican who claims to care about the independence of the Fed should refuse to move forward with this nomination until Trump stops his 'political witch hunt' against current Fed Chair and board member Lael Brainard," she said.
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