[Congressional Record Volume 172, Number 81 (Wednesday, May 13, 2026)]
[Senate]
[Pages S2256-S2260]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




WITHHOLDING THE PAY OF SENATORS IF A GOVERNMENT SHUTDOWN OCCURS--Motion 
                               To Proceed

  The PRESIDING OFFICER. The clerk will report.
  The legislative clerk read as follows:

       Motion to proceed to Calendar No. 296, S. Res. 526, a 
     resolution withholding the pay of Senators if a Government 
     shutdown occurs.

  The PRESIDING OFFICER. The Senator from Tennessee.


                          National Police Week

  Mrs. BLACKBURN. Mr. President, here in DC this week is Police Week, 
and we are reflecting on the brave men and women who serve us in 
Tennessee and also across this country, where they are serving our 
communities every day with courage, with integrity, and with honor. We 
so appreciate their service. Every day, they put their lives on the 
line to protect their families, their friends, their neighbors. They 
enforce the law, and they keep the peace; and for that, they deserve 
every American's enduring gratitude.
  Few places better capture the magnitude of their sacrifices than the 
National Law Enforcement Officers Memorial that is here in our Nation's 
Capital. Engraved on that memorial are the names of every fallen 
officer in our country going back to the year 1850. This memorial 
contains 24,775 names. This week, 363 heroes are being added, including 
3 from Tennessee: Hugh Carlen of Putnam County, whose watch ended 
February 24, 1912; James Hood of Jonesborough, who fell in the line of 
duty August 26, 1928; and Deputy Sheriff Justin Bradford Mowery, of 
Blount County, whom we tragically lost on December 28.
  This week's candlelight vigil will provide a powerful moment to 
reflect on their sacrifices and their stories and those made by the 
thousands of other officers on the Roll Call of Heroes.
  There is a reason our officers are called the thin blue line: They 
are the only force separating us from chaos, disorder, and anarchy. 
They take pride in their responsibility, but to do their jobs, they 
need the support of their communities, their States, their country. 
They need the support of this Chamber, and for too long, they have 
lacked that support from Democrat leadership. Instead of funding the 
police, the Democrats have worked to defund the police and, indeed, all 
law enforcement. But, under President Trump, the Federal Government is 
backing the blue from one side of this country to another.
  In Tennessee, we have seen this much needed support in Memphis. For 
years, Memphis, which is an iconic American city, has struggled with 
rampant crime. In 2024, it had the highest crime rate per capita of any 
city in the country. Memphians truly suffered. Indeed, all West 
Tennesseans suffered. Many could not walk outside of their homes 
without fear of being robbed, assaulted, or murdered in Memphis.
  Under the President's leadership, those days are coming to an end. 
Since launching the Memphis Safe Task Force last year, crime in Memphis 
has plummeted. In the first quarter of this year, overall crime was 
down more than 40 percent compared to 2025. Indeed, since the task 
force began 7 months ago, the crime rate has been cut 50 percent.
  The way this happened was in coordination with local, State, and 
Federal resources. The task force has done a great job in getting 
criminals off the street and behind bars. In total, authorities have 
made more than 9,000 arrests, including 996 for narcotics, 838 for 
firearms offenses, 105 for sex offenses, and 67 for homicide. They have 
also seized 1,500 illegal firearms, and they have located 150 missing 
children. Every single American--indeed, every Member of this Chamber--
should applaud this success.
  In the Senate, Republicans are working to support the 
administration's effort. My Restoring Law and Order Act would increase 
funding for law enforcement and help keep violent criminals behind 
bars.
  The Protecting Law Enforcement Officers from Doxxing Act would make 
it illegal to dox Federal law enforcement officials and put them in 
harm's way.
  The Safer Prisons Act would double the maximum term of imprisonment 
for assaulting a Federal Bureau of Prisons correctional officer.
  While Republicans work to support our brave officers, unfortunately, 
many of our Democratic colleagues are trying to do everything in their 
power to undermine law enforcement.
  For 76 days, they shut down the Department of Homeland Security, left 
the Secret Service, Coast Guard, TSA, FEMA, and other critical Agencies 
without funding, and they jeopardized our Nation's security at a time 
of heightened threats from the world's largest sponsor of terrorism, 
Iran.
  And the reason? Well, they had a petty reason. They used our Federal 
law enforcement and the Department of Homeland Security as a trading 
chip. What they were trying to do was to abolish ICE, end the 
enforcement of our immigration laws, and defund Federal law 
enforcement.
  Thank goodness they were not successful. They got nothing for their 
little fit. President Trump brought this charade to an end late last 
month by signing into law legislation that reopened DHS and restored 
its vital operations.
  Now Republicans are moving forward with a public security bill that 
will fund ICE and Customs and Border Protection for years to come. We 
are accomplishing this through the reconciliation process, and that is 
the same process we used to pass the Working Families Tax Cut last 
year. We are going to make certain we can fund these vital Agencies.
  Our colleagues across the aisle can continue to oppose the rule of 
law, and they can side with criminals over law enforcement. They can 
continue to side

[[Page S2257]]

with illegal aliens rather than citizens, and they can continue to 
champion the same radical policies that unleashed chaos at the border 
and across the country during the Biden administration, but that will 
not stop Republicans from saluting our men and women in uniform, from 
backing the blue, from standing with the thin blue line, and making 
certain that law enforcement has what they need to provide safety for 
American citizens in communities coast to coast.
  The PRESIDING OFFICER. The Senator from Massachusetts.


                       Nomination of Kevin Warsh

  Ms. WARREN. Mr. President, I urge my colleagues to vote no on Donald 
Trump's attempt to take over America's central bank.
  Trump's economy is in big trouble, and everybody knows it, including 
Donald Trump. Consumer sentiment is at an alltime low. Families are 
paying more for groceries, more for housing, more for healthcare--all 
thanks to Trump's chaotic tariffs and his One Big Beautiful Bill, and 
now his foolish and illegal war with Iran is further driving up the 
cost of gas and the cost of nearly everything else here at home.
  So it is no wonder that Donald Trump is desperate to salvage the 
economy before November's midterm elections. Now, he can do that. 
Instead of taking action to lower prices, which he could do, he has 
cooked up a ridiculous scheme: Install sock puppets at the Federal 
Reserve Board who are willing to artificially juice the economy. Of 
course, it will be American families who pay the price when this scheme 
backfires and raises prices and the cost of borrowing even more.
  Donald Trump has not been subtle about this takeover attempt. First, 
he opened a bogus criminal investigation into Fed Governor Lisa Cook, 
and he illegally tried to fire her. Then he opened another bogus 
criminal investigation into Fed Chair Jay Powell--all in a ploy to push 
him out.
  Trump then proclaimed:

       Anybody that disagrees with me will never be the Fed 
     Chairman.

  And, about a month later, he nominated Kevin Warsh to be his sock 
puppet on the Fed.
  Consideration of Mr. Warsh's nomination was rightfully delayed by 
some of my Republican colleagues when they joined Democrats in refusing 
to move forward amid the Department of Justice's phony inquiry into 
Chair Powell, but the second that the administration pretended to close 
the investigation, Republicans folded and advanced Mr. Warsh's 
nomination. No one here is fooled. The investigation is still open.
  But don't take it from me. Take it from President Trump, who said the 
investigation is ``not dropped.''
  Take it from the President's spokeswoman, who said ``The 
investigation still continues.''
  Take it from U.S. attorney Pirro, who said that she ``will not 
hesitate to restart a criminal investigation.'' She went on to promise 
that her office would ``continue to litigate the issue.''
  And no one should forget that President Trump is still trying to fire 
Fed Governor Cook, taking it all the way to the U.S. Supreme Court, and 
the Justice Department's reported criminal probe against her is 
ongoing.
  So it is clear that Donald Trump is still using bogus criminal 
investigations as a way to take over the Fed--to push out the people 
who have been confirmed so that he can install his own people who will 
do exactly what he wants.
  So let me turn to Mr. Warsh, the nominee. At this unprecedented 
moment in the Fed's history, he is uniquely unqualified to lead the 
Agency, and that is why every single Democrat on the Banking Committee 
voted against his nomination--the first party-line vote ever for a Fed 
Chair, ever in history.
  First, Mr. Warsh has proven to be a sock puppet for President Trump. 
During his confirmation hearing, Warsh couldn't even say that Trump 
lost the 2020 election. We need a Fed Chair who evaluates economic data 
and sets monetary policy in the real world, not in Trump's delusional 
alternative reality.
  Second, Mr. Warsh has refused to disclose the sources of more than 
$100 million worthwhile of assets. If confirmed, he will be the 
wealthiest Fed Chair in history, but he refuses to provide transparency 
to the American people about who he is entangled with. During his 
hearing, Mr. Warsh refused to say if he is invested in companies 
affiliated with President Trump or his family, companies that have 
facilitated money laundering, Chinese-controlled companies, or 
financing vehicles established by Jeffrey Epstein.
  We have no idea if Mr. Warsh owns stock in any banks, which will be 
in direct violation of the Federal Reserve Act upon his swearing in 
later this week.
  We also have no idea how and to whom Mr. Warsh will divest those 
secret assets. Based on the information we pieced together, it is 
possible that Stanley Druckenmiller, who makes a living betting on what 
the Fed will do next, may cut Mr. Warsh a huge check to cash him out. 
The American people would be right to question who Mr. Warsh will serve 
if a billionaire gives him a sweetheart deal just as Mr. Warsh takes 
office.
  Third, Warsh says that he has ``no regrets'' from his catastrophic 
tenure as a Fed Governor before, during, and after the 2008 financial 
crash. The Financial Crisis Inquiry Commission, which Congress set up 
to investigate the causes of the financial crisis, found that Governor 
Warsh attended multiple meetings in 2006 in which participants rung the 
alarm about subprime mortgages and rising mortgages and rising 
foreclosures and implored the Fed to use its authority to address these 
risks. Not only did Mr. Warsh ignore these warnings, he pushed back 
against them. In fact, in 2007, he said:

       Subprime mortgages have gotten a bad name in this 
     environment, and in some cases, that's not just.

  He also said later that he doesn't ``see any immediate systemic risk 
issues'' among the big banks. Remember, this is shortly before the 
crash of 2008.
  Then, for good measure, Mr. Warsh also praised risky financial 
instruments like credit default swaps that helped trigger the 2008 
crash, and he said: No, these are innovations that make the financial 
system safer.
  So that is what he did before the crisis. During the crisis, Warsh 
served as Wall Street's personal liaison on the Fed Board as 8 million 
workers lost their jobs, 10 million people were being thrown out of 
their homes, and many more saw their life savings vanish. Mr. Warsh's 
No. 1 priority? Not those families. Not those workers. Mr. Warsh's No. 
1 priority was the big banks that crashed our economy. He worked 
tirelessly to orchestrate multibillion-dollar Wall Street bailouts. But 
Mr. Warsh says today he has ``no regrets.''
  After the crash, most people on the Fed saw the economic devastation 
and said: Now might be a good time to lower interest rates to revive 
the economy and help get people back to work.
  Not Mr. Warsh. Nope. He wanted to keep interest rates high--``no 
regrets''--and he kept pushing for higher interest rates for more than 
a decade even as our economy struggled.
  When the job of Fed Chair became available during Trump's first term 
as President, Donald Trump passed him by. Now, Mr. Warsh chalked this 
up to his refusal to ``put [his] ambitions ahead of [his] principles.'' 
Well, Mr. Warsh decided not to make that mistake the second time 
around. As soon as Donald Trump became President a second time, Mr. 
Warsh began shouting from the rooftops that the Fed should cut interest 
rates. In exchange for abandoning his principles, the President offered 
Mr. Warsh his dream job.
  Look, red lights are flashing all across our economy. American 
families are struggling. Republicans will come to regret their decision 
to aid and abet President Trump's Fed takeover by installing Mr. Warsh 
as Chair.
  I urge a ``no'' vote.
  I yield the floor.
  The PRESIDING OFFICER. The Senator from Maryland.
  Mr. VAN HOLLEN. Mr. President, I rise today to oppose Kevin Warsh's 
nomination to serve as Chairman of the Federal Reserve. I am not 
persuaded, based on his record and his testimony at his hearing before 
the Senate Banking Committee, that he has demonstrated the independence 
or the judgment this position requires.
  The Federal Reserve has a statutory dual mandate: maximum employment 
to support jobs and price stability to avoid excessive inflation. To 
carry out that mandate effectively, markets need confidence that 
monetary policy decisions are being made on the basis of

[[Page S2258]]

economic evidence, not on the basis of political pressure or 
convenience.
  That is especially important now as prices are rising too fast and 
President Trump is still demanding a big cut in interest rates. In 
fact, just yesterday, a Washington Post headline read ``Iran war pushed 
inflation to highest rate in nearly three years.''
  We know our constituents are feeling these rapid price increases 
around the country--at the gas pump, at the kitchen table, farmers 
across the country with higher input costs. So there is no doubt that 
the illegal Iran war is driving prices up, and that comes on top of the 
continued upward inflationary pressure from the President's failed 
tariff tax policies, which continue to work their way through the 
system and put upward pressure on prices.
  So illegal tariff taxes and the illegal war in Iran and other 
policies the President is pursuing are making life simply unaffordable 
for our fellow Americans. Yet, when he was faced with the prospect of 
carrying out that dual mandate free of political interference from the 
White House, Mr. Warsh's record and his responses to questions raised 
very serious concerns.
  When he served as a Federal Reserve Governor during the financial 
crisis and its aftermath, he was a consistent inflation hawk, 
supporting higher interest rates. He did that even as unemployment then 
approached 10 percent and the country was in the middle of the worst 
economic downturn since the Great Depression. Despite that loss of jobs 
and high unemployment, Mr. Warsh repeatedly focused instead on 
inflation risks.
  At a 2009 meeting of the Federal Open Market Committee--that is the 
committee that sets interest rates--Mr. Warsh said he was ``more 
concerned about upside risks to inflation than downside risks''--again, 
at a time of very high unemployment.
  He also argued publicly against quantitative easing--the policy that 
Chairman Bernanke put in place to lower long-term borrowing costs and 
support economic recovery.
  So just to step back here, at a time when unemployment was near 10 
percent, as Americans faced the great recession, Mr. Warsh was a hawk, 
pushing for higher interest rates over more near-term relief for 
American families. That was his position when the economy was weakest, 
weaker than it had been in generations, when millions of Americans were 
out of work.
  But these days--these days--Mr. Warsh has had a complete conversion, 
a 180-degree flip. He is now a super dove on interest rates even as 
unemployment has recovered from the depths of the great recession, and, 
in fact, today, prices are too high. That is a situation where textbook 
economics would say that the big rate cuts demanded by President Trump 
will make inflation worse; they will make life even more unaffordable 
for the American people. Prices will keep going up.
  Now Mr. Warsh says that rapid productivity gains, particularly from 
artificial intelligence, could justify easier monetary policy without 
reigniting inflation. Economists across the spectrum are overwhelmingly 
skeptical of this theory, especially when you look at the near- and 
midterms--certainly not something that would happen by the end of this 
year, and it is the end of this year where President Trump is demanding 
big interest rates. In fact, President Trump has repeatedly and 
publicly demanded sharply lower rates. We have seen him harangue the 
Federal Reserve over and over and over. And Mr. Warsh's views have 
conveniently moved in exactly that direction.
  That doesn't automatically disqualify him, but it does create a very 
legitimate question: Is this a genuine change in economic judgment or 
is it a shift that reflects the preferences of the President who 
nominated him--specifically, a President who has been abusing his power 
to influence monetary policy and to strip the Fed of its independence; 
a President who has launched an unprecedented assault on the Fed, 
trying to fire Governor Lisa Cook, trying to concoct charges against 
Chairman Powell to push him out of the Federal Reserve. President Trump 
is doing all of this to try to get lower interest rates and much lower 
interest rates now.
  It wasn't a secret that Donald Trump was looking for a Chair who 
would implement his preferences, who would lower interest rates 
significantly in the short term. And all of a sudden--all of a sudden--
on his nomination-day conversion or just preceding that as he was 
auditioning, Mr. Warsh now seems to think that is appropriate despite 
his clear prior views.
  That question became even more concerning during the Banking and 
Housing Committee hearing. I asked Mr. Warsh a straightforward question 
about monetary policy.
  President Trump has called for a massive rate cut--below 1 percent--
by the end of this year, so I asked Mr. Warsh whether a rate cut of 
that scale in an economy with steady growth and inflation already above 
target--whether that would likely put upward pressure on prices. Right? 
This is a simple, basic economics question, and he would not answer the 
question directly.
  As I said, the basic framework is clear: Lower rates stimulate 
demand. If demand rises faster than supply, inflationary pressures 
increase, costs for families go up. That is Economics 101. If a nominee 
for Fed Chair will not directly acknowledge that basic relationship in 
a public hearing before this body, it is reasonable to ask whether he 
is avoiding an answer because it conflicts with the policy direction 
favored by the White House, favored by President Trump.
  Now, colleagues, our economy works best when the Chairman of the 
Federal Reserve implements monetary policy based on their reading of 
the data, not on the reading of politics. And I am concerned about 
whether Mr. Warsh meets that standard because we have seen these 
questions of independence raised even more dramatically under this 
administration than any before.
  And against that backdrop, members of the committee asked Mr. Warsh 
direct questions. We asked: Would he step down if pressured by the 
President over monetary policy?
  We asked: Would he resist efforts to manipulate the composition or 
decisions of the Federal Open Market Committee?
  We asked: Would he clearly reject political pressure on reserve bank 
leadership?
  And over and over, Mr. Warsh refused to give direct answers.
  I believe Americans deserve clarity about whether Mr. Warsh is 
committed to standing up for the Fed at a time of unprecedented attacks 
and political pressure from the White House.
  And based on his record and his flip-flops and his answers to the 
Senate Banking Committee, I remain unconvinced. I hope, if confirmed, 
he proves my concerns wrong. I hope he does act independently, and I 
hope he makes decisions based on facts and evidence, even when those 
decisions conflict with the President's preferences.
  But on the record before us today, I cannot support this nomination.
  I yield the floor.
  The PRESIDING OFFICER. The Senator from Iowa.


                             Whistleblowers

  Mr. GRASSLEY. Mr. President, today, I am here in the Senate about the 
Democrat Judiciary Committee minority in the House of Representatives.
  They wrote a letter on May 12 of this year that I found to be more 
than troubling. That letter made disgraceful and wrongful accusations 
regarding this Senator's helping many FBI whistleblowers.
  For the entirety of this Congress, I have been open and very public 
about my efforts to help whistleblowers. Accordingly, the timing of 
this letter, so late after settlements occurred in August of 2025, is 
suspect. If concerns existed, why were they not raised last year?
  I have seen a lot, in my time serving the people of Iowa, but this 
attack on this Senator and my office and whistleblowers is beyond the 
pale.
  Now, you have often heard me say on the Senate floor, over many 
years, that I feel like honest whistleblowers are treated like a skunk 
at a picnic. Oftentimes, their only crime is telling the truth. And for 
telling the truth, they often lose their job. They are hurt 
professionally, and it discourages other people who want to tell the 
truth about wrongdoing in government from coming forth. That is why 
whistleblowers deserve the protection that I and other Senators give 
them.
  So getting back to that letter, this letter from the minority calls 
my office's efforts to obtain a fix for whistleblowers who faced years 
of retaliation

[[Page S2259]]

and financial ruin--that letter called it a ``shakedown scheme.''
  The Democrats are dead wrong about what they said, and if they had a 
sliver of integrity, they would retract that letter. This isn't the way 
to handle disagreements.
  But what is there to disagree with? Patriotic whistleblowers had 
wrongs against them righted, and I helped make their case right.
  This should be a bipartisan celebration, especially since some of 
these whistleblowers weren't pro-President Trump.
  The letter also notes that some of the whistleblowers were properly 
disciplined, as if suffering retaliation is OK.
  The letter further notes:

       The record definitively shows that the agents weren't 
     disciplined for making protected disclosures to Congress or 
     for the imaginary offense of being a Republican.

  Now, even publications in this town--and I am going to quote 
POLITICO.
  POLITICO noted in their article:

       Judiciary Democrats did not provide supporting 
     documentation for the sources of some of their claims.

  As an example of how far off base the letter is, one FBI official who 
was wrongly accused of being a part of a January siege was cleared by 
the inspector general. His clearance was restored. He got his job back. 
The FBI Security Division had ignored photo and video evidence 
supporting that whistleblower's claim.
  Indeed, the whistleblower's lawyers have publicly defended their 
client, noting:

       No classified leaks. No criminal conduct.

  But the records happen to exist, just not the ones that the Democrats 
want to talk about.
  The lawyers for the whistleblowers rightly said the following, 
publicly:

       It's common practice for Federal Agencies to settle legal 
     or administrative complaints against them, which virtually 
     all the whistleblowers had against the FBI at the time of 
     settlements.

  Those lawyers also noted that they published hundreds of pages 
``documenting the flaws in FBI actions against employees'':

       In fact, two of our clients who received settlements were 
     FBI Security Division employees retaliated against for 
     exposing the FBI's use of the security clearance process for 
     reprisal also against other Empower Oversight clients--a 
     wrong even the Biden-era FBI recognized when it reinstated 
     Marcus Allen's security clearance.

  President Trump's Justice Department and the FBI should get credit 
for righting the wrongs against these additional whistleblowers.
  And what the Democrats did with this letter may cause tremendous 
damage to whistleblower reputations for getting the facts wrong.
  At my direction, my staff did what many in this town don't 
understand. When whistleblowers step up to the plate, you have to fight 
for them. So that is exactly what my office did, and I am not going to 
back down one bit and let brave individuals suffer more years of ruin. 
And I am certainly not going to apologize for fighting and winning for 
whistleblowers.
  That doesn't always mean that every whistleblower is going to get the 
satisfaction and settlement that he or she deserves. But that effort to 
get them justice must be made, and I make it clear to all of my staff 
that they must do what they can to get the job done of protecting 
whistleblowers--in other words, give the effort of protecting 
whistleblowers the ``old college try.'' That is what the taxpayers 
expect, and that is my reputation as a whistleblower defender.
  I have made a career out of protecting and defending whistleblowers; 
and never in my time have I, my staff, or my whistleblowers received 
more attacks for doing that job than in this Congress.
  I encourage all whistleblower groups in this town to stand up to what 
is happening here, just as I stood up for whistleblowers throughout the 
decades--no matter who they blow the whistle on, Republican or Democrat 
administrations--whether that is disagreeing with this administration 
about Mr. Reuveni being a real whistleblower or defending the Ukraine 
whistleblower, years ago.
  In conclusion, I will note that the Democrat letter said:

       The treasury isn't a personal checkbook for ideological 
     payouts, and the misuse of millions of dollars in taxpayer 
     resources for personal or political benefit is a felony.

  Did the Democrats forget about FBI Agent Peter Strzok reportedly 
receiving $1.2 million or Lisa Page receiving $800,000 from the Biden 
Department of Justice after the damage that they did to this country? 
Or were they covering up again for a disastrous Biden-Harris 
administration?
  For God and country, this Senator will never stop fighting for 
whistleblowers.
  I yield the floor.


                       Nomination of Kevin Warsh

  Mr. DURBIN. Mr. President, for the President of the United States, 
there are few decisions more important than nominating leaders of 
integrity and good judgment to hold trusted positions in office. And 
few of those trusted positions are more important than the Chair of the 
Federal Reserve. Those words were uttered by President Trump during his 
first term when he announced Jerome Powell as his nominee to Chair the 
Fed. How times have changed.
  During his tenure, Chair Powell served with competency and dignity as 
he navigated the economic problems of our time, from the COVID-19 
pandemic to rapidly rising inflation. Yet he also faced a challenge 
unlike any other Chair in history: a sham legal battle waged by the 
very President who nominated him. To President Trump, it seems that 
exercising good judgment does not mean reliance on the economic facts 
and data, but instead obedience to his every demand.
  Because of Chair Powell's refusal to kowtow, Donald Trump has 
weaponized the Department of Justice to pressure, belittle, and 
threaten him. I want to commend Chair Powell for standing firm in the 
face of the President's tirades. It is not easy to face Trump's 
vengeful wrath, and it is indefensible that DOJ has kept open the 
possibility of pursuing these baseless, politicized charges in the 
future.
  But Mr. Powell's term as Chair expires on Friday, and President Trump 
seems determined to nominate a Chair who will do his bidding, instead 
of one who is independently minded. Earlier this year, President Trump 
nominated Kevin Warsh to lead the Fed after Powell's departure. Mr. 
Warsh previously served as member of the Board of Governors from 2006 
through 2011 as a Bush appointee.
  Warsh's actions during that time raise cause for concern: Mr. Warsh 
played a central role in arranging numerous multibillion-dollar bank 
bailouts, while warning against interest rate cuts even as unemployment 
soared. He has expressed no regrets about these bailouts and continues 
to support Trump's Wall Street deregulatory agenda. We already have 
seen the damage across our government, from the Department of Justice 
to Health and Human Services, that Trump loyalists can wreck. We cannot 
allow that chaos in our central bank.
  America's economy is trusted by the world because of the belief that 
our economic policies are determined by facts not politics. Warsh 
threatens to undermine that.
  When President Trump asks him to juice the economy by lowering 
interest rates, even if it raises inflation, will Warsh have the 
courage to say no? When one of the President or his allies' many shady 
business ventures fail, will Warsh stand strong amid pressure to 
provide a taxpayer funded bailout? When the chips are down, will Warsh 
make the decisions that best benefit his country or the President who 
picked him? Warsh's record and his answers at his confirmation hearing 
indicate the answers are no. Americans are struggling more than ever to 
afford basic goods, from housing, to gas, to groceries. Yesterday, data 
showed that Trump's war of choice in Iran has caused inflation to reach 
3.8 percent, the highest in 3 years. Working families deserve a central 
bank that will fight for them, not the President and his billionaire 
buddies.
  I am not convinced that Mr. Warsh has the willingness to do what is 
best for the American people. For that reason, I will be voting no on 
his nomination and encourage my colleagues to do the same.
  The PRESIDING OFFICER (Mr. Banks). The Senator from Rhode Island.
  Mr. WHITEHOUSE. I ask unanimous consent that the vote scheduled for 2 
o'clock be called immediately.
  The PRESIDING OFFICER. Without objection, it is so ordered.

[[Page S2260]]

  

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