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Federal Reserve Chair nominee Kevin Warsh received a vote of confidence from Senate Banking Committee Chairman Tim Scott, who said Warsh is ready to lead the central bank.
During an interview with CNBC, Scott said Warsh is “battle tested” and that his leadership would bring independence back to the central bank.
“Frankly, we’re more likely to see more Americans experiencing their version of the American dream because Kevin Warsh will be chairing the Fed,” he added.
Scott’s comments come ahead of the Senate Banking Committee’s confirmation hearing later in the day.
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