Warren Calls on Fed Chair Nominee to Answer If He Supports Trump Administration's Witch Hunts Against Jerome Powell and Lisa Cook
“A willingness to exercise independent judgment in the best interest of American families and to refuse to serve as President Trump’s sock puppet is a bare minimum qualification for the job of Fed Chair”
Washington, D.C. – Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, called on Kevin Warsh, President Trump’s nominee to be Chairman of the Federal Reserve, to answer whether he supports the Department of Justice’s decision to criminally investigate current Fed Chair Jerome Powell and Fed Governor Lisa Cook as part of Trump’s attempted takeover of the central bank.
“It is critical for our economy and the well-being of American families for the Federal Reserve to exercise its significant powers independent from the political whims of the White House and the profit motives of Wall Street. In recent months, the Trump Administration has attempted to seize control of the Federal Reserve,” wrote Ranking Member Warren.
The Ranking Member continued: “A willingness to exercise independent judgment in the best interest of American families and to refuse to serve as President Trump’s sock puppet is a bare minimum qualification for the job of Fed Chair.”
Ranking Member Warren called on Warsh to answer three questions by February 6, 2026, to understand whether he possesses that bare minimum qualification to be Fed Chair:
- Do you support the Department of Justice’s decision to criminally investigate sitting Fed Chair Jerome Powell?
- Do you support the Department of Justice’s decision to criminally investigate sitting Fed Governor Lisa Cook?
- The following is a non-exhaustive list of statements from President Trump regarding Fed Chair Jerome Powell. For each statement, indicate whether you believe the statement reflects an appropriate posture towards the independent Fed Chair.
- “He’s got some real mental problems. There’s something wrong with him. It’s just ridiculous. I’ll be honest, I’d love to fire his ass. He should be fired."
- “So we’re thinking about bringing a gross incompetence, what’s called a gross incompetence lawsuit, it’s gross incompetence, against Powell…I’d love to fire him. Maybe I still might.”
- “I don’t know why the Board doesn’t override (Powell)...Maybe, just maybe, I’ll have to change my mind about firing him?”
- “‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’ (…) Too Late should have lowered Interest Rates (…) long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!”
- “I talked about the concept of firing him. I said, ‘what do you think?’ Almost everyone of them said I should…but I’m more conservative.” (...) “I don’t rule out anything but I think it’s highly unlikely unless he has to leave for fraud…I mean it’s possible there’s fraud involved with the $2.5 billion renovation.”
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