WASHINGTON, April 21 -- Sen. Tim Scott issued the following press release:
U.S. Senator Tim Scott (R-SC), Chairman of the Senate Banking Committee, today convened a hearing to consider the nomination of Kevin Warsh, President Trump's pick to serve as a Governor and Chair of the Federal Reserve, as the central bank begins its transition to a new era of leadership. Sen. Scott highlighted Kevin Warsh's prior service as a Federal Reserve Governor during the financial crisis and noted his strong experience navigating major economic challenges.
In his opening statement, Sen. Scott stressed the direct impact Federal Reserve decisions have on everyday Americans, including what families pay for groceries, housing, and how far their paychecks go at...