GALLEGO, BANKING COMMITTEE DEMOCRATS DEMAND CHAIRMAN SCOTT DELAY WARSH NOMINATION HEARING UNTIL SHAM INVESTIGATIONS AGAINST FED BOARD MEMBERS ARE CLOSED

WASHINGTON, Feb. 4 -- Sen. Ruben Gallego issued the following press release:

Senator Ruben Gallego (D-AZ) and all eleven Democratic Members of the Senate Committee on Banking, Housing, and Urban Affairs sent a letter to Chairman Tim Scott calling on him to delay the nomination hearing of President Trump's Fed Nominee, Kevin Warsh, until all pretextual investigations against current Federal Reserve Board members are closed.

"The (Warsh) nomination comes after months of repeated efforts by President Trump and his Administration to influence the Fed by intimidation, including by opening criminal investigations into Fed Governor Lisa Cook and Fed Chair Jerome Powell. These ongoing efforts by the President to control the Fed - which must be ab...