Sen. Elizabeth Warren on Kevin Warsh and the future of the Federal Reserve
Sen. Elizabeth Warren opposed Kevin Warsh's nomination to the Federal Reserve, citing concerns about President Trump's influence over the central bank. She argued that Trump's economic policies have increased costs for essentials like groceries, healthcare, and housing. Warren warned that giving Trump greater control of the Fed could harm the economy and American families in the long term.
- ▪Sen. Elizabeth Warren voted against Kevin Warsh's nomination to the Federal Reserve.
- ▪The Senate Banking Committee approved Warsh's nomination 13-11 along party lines.
- ▪Warsh stated he would act independently, though Trump supports lower interest rates.
- ▪Trump is attempting to remove Fed Governor Lisa Cook, which could give him control of four of seven Fed board seats.
- ▪Warren believes Trump's push to control the Fed is an effort to manipulate the economy ahead of the November elections.
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Economy Why Sen. Warren voted no for Kevin Warsh as Fed chairman April 29, 20264:36 AM ET Heard on Morning Edition By Steve Inskeep , Brittney Melton Sen. Elizabeth Warren on Kevin Warsh and the future of the Federal Reserve Listen · 3:52 3:52 Transcript Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/nx-s1-5802926/nx-s1-9749150" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player"> Transcript Ranking member Sen. Elizabeth Warren (D-MA) before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing on Capitol Hill on June 25, 2025, in Washington, D.C. Kent Nishimura/Getty Images hide caption toggle caption Kent Nishimura/Getty Images Democratic Sen.
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