Scott Bessent hails John Fetterman vote for Trump's new Fed chief |
Scott Bessent hails John Fetterman vote for Trump’s new Fed chief
Treasury Secretary Scott Bessent offered indirect praise for Sen. John Fetterman (D-Pa.) on Wednesday after the centrist Democrat broke party lines on a vote confirming Kevin Warsh as the next Federal Reserve chair.
Bessent hailed Republican senators and Fetterman for putting “country before political ideology” in a post on the social platform X following the vote, though he did not mention the Pennsylvania lawmaker by name.
“Chairman Warsh will usher in a new day at an institution that is in need of accountability, sound policy guidance, and the renewed sense of purpose to help guide our economy,” the secretary wrote. “His chairmanship opens the door and lays the groundwork for every American family to build and grow in the world’s greatest economy.”
Fetterman was the only Senate Democrat to support Warsh’s nomination to succeed outgoing chair Jerome Powell, which had stalled over Sen. Thom........