WARNER STATEMENT ON VOTING AGAINST WARSH'S CONFIRMATION AS FED CHAIR

WASHINGTON, May 13 -- Sen. Mark R. Warner issued the following press release:

U.S. Sen. Mark R. Warner (D-VA) issued the following statement after voting against Kevin Warsh's confirmation as chair of the Federal Reserve:

"The Federal Reserve's independence is one of the cornerstones of our economic strength. The Fed exists in order to make hard decisions based on economic data and in the interests of long-term financial stability, not the political demands of any individual president. President Trump's repeated attacks on Chairman Jerome Powell and his efforts to pressure the Fed into serving his short-term political agenda are deeply dangerous. Were President Trump to succeed in bullying the Federal Reserve into cutting rates for his po...