Boyle Statement on President Trump’s Nomination of Kevin Warsh to Chair the Federal Reserve

WASHINGTON, DC — Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee, issued the following statement after President Donald Trump announced he will nominate Kevin Warsh to serve as the next Chair of the Federal Reserve:

“Donald Trump has spent months trying to bully the Federal Reserve into serving his political agenda. He has made clear he wants loyalty to his political whims as the price of serving as Fed Chair. Any nominee must make an unequivocal commitment to protect the Federal Reserve’s independence and follow the facts and the data.

Families already face higher costs and a tepid job market because of Trump’s reckless economic policies, including tariff taxes that raise prices. Even more political interference in the Fed will only inject more uncertainty and undermine confidence in the economy.

If the President keeps up his political attacks on Chair Powell and Governor Cook, the Senate should not confirm any new Federal Reserve nominees.”

###