WASHINGTON, Jan. 30 -- Sen. Dick Durbin issued the following press release:
U.S. Senate Democratic Whip Dick Durbin (D-IL) released the following statement regarding President Trump announcing Kevin Warsh as his pick to serve as the next Chair of the Federal Reserve:
"The Federal Reserve, called by some our nation's 'central bank,' has a straightforward mission: guide monetary policy to increase employment, corral inflation, and keep America's economy on a stable, positive course. Key to the Fed's effectiveness is its credibility and independence.
"President Trump's nominee, Kevin Warsh, would follow the President's previous long-suffering selection, Jerome Powell. Trump has done everything in his power to pressure, belittle, and threate...