"Sen. Elizabeth Warren stated that 'either the Republican majority is fooled easily or they are hoping to fool the American people,' regarding the Justice Department's decision to drop its probe into Powell to clear the way for Warsh's confirmation."
"'The Department of Justice threatened to restart the investigation into Fed Chair Powell at any time while continuing its probe against Gov. Lisa Cook,' Warren emphasized, indicating ongoing concerns about the integrity of the process."
"'No Republican claiming to care about Fed independence should support moving forward the nomination of Kevin Warsh, who proved in his nomination hearing to be nothing more than President Trump's sock puppet,' Warren asserted."
The Senate Banking Committee is set to vote on Kevin Warsh's nomination to lead the Federal Reserve, following the Justice Department's decision to drop its investigation into Jerome Powell. Sen. Elizabeth Warren criticized the timing, suggesting the probe was halted to facilitate Warsh's confirmation. She highlighted the ongoing scrutiny of Powell and the lack of evidence from the investigation into the Fed's renovations. Warren argued that supporting Warsh undermines Fed independence, labeling him as a mere extension of President Trump's influence.
Read at Truthout
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