WASHINGTON, Feb. 2 -- Sen. Alex Padilla issued the following press release:
Today, U.S. Senators Alex Padilla and Adam Schiff (both D-Calif.) issued the following statement in reaction to Donald Trump's new nomination of Kevin Warsh to serve as Chair of the Federal Reserve:
"Donald Trump has relentlessly pursued a campaign of political coercion and retribution against the Federal Reserve, weaponizing our justice system to pressure members of the Board of Governors to deliver the interest rates and monetary policy of his choosing.
"The most important criteria for a new Fed Chair will be their ability to withstand political pressures and make decisions independently from the White House. Kevin Warsh's willingness to alter his views on mone...