Foster Statement on Nomination of Kevin Warsh for Federal Reserve Chair
January 30, 2026
Washington, DC — Today, Congressman Bill Foster (D-IL) issued the following statement:
"As the top Democrat on the House Subcommittee on Financial Institutions, I am willing to keep an open mind about the nomination of Kevin Warsh. Having served on the Federal Reserve Board of Governors during the 2008 financial crisis, he has seen firsthand what happens when excessive financial risk is ignored and oversight fails in the run-up to the collapse of an investment bubble.
"He should appreciate the importance of an independent Federal Reserve, and keep that in mind when Trump inevitably pressures him to ignore economic data in favor of political expediency."
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