Top Democrat calls newly confirmed Fed chair Kevin Warsh a ‘sock puppet’ for Trump – see more:

Elizabeth Warren, the ranking member on the Senate banking committee, slammed Kevin Warsh’s confirmation as chair of the Federal Reserve, repeating many of the reservations she had about the president’s pick to lead the central bank.

“Mr Warsh has proven to be a sock puppet for Trump,” she said on the Senate floor. “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.”

Warren, a Democratic senator from Massachusetts, added that the criminal investigation into Jerome Powell, the outgoing Fed Chair, is still ongoing. “Take it from US attorney Pirro, who said that she, quote, ‘will not hesitate to restart a criminal investigation’. And she went on to promise that her office would, ‘continue to litigate the issue’,” Warren said.

This comes after Republican senator Thom Tillis threatened to block Warsh’s confirmation until the probe into Powell was dropped.

“The second that the Administration pretended to close the investigation, Republicans folded and advanced Mr Warsh’s nomination,” Warren said today.