January 30, 2026

Scott Applauds President Trump’s Choice to Lead the Federal Reserve

Washington, D.C. – Today, Senator Tim Scott (R-S.C.), Chairman of the Senate Banking Committee, praised President Trump’s decision to nominate Kevin Warsh to serve as Chair of the Federal Reserve Board.

“The Federal Reserve’s decisions touch every American household, from mortgage rates to retirement savings, and President Trump has been clear that bringing accountability and credibility to the Federal Reserve is a priority, and his nomination of Kevin Warsh reflects that focus. As a former Federal Reserve Governor, Kevin has deep knowledge of markets and monetary policy that will be essential in this role. Federal Reserve independence remains paramount, and I am confident Kevin will work to instill confidence and credibility in the Fed’s monetary policy. As Chairman of the Senate Banking Committee, I look forward to leading a thoughtful, timely confirmation process that carefully examines his vision for focusing the Federal Reserve on its core mission,”said Chairman Scott.