Scott Bessent hails John Fetterman vote for Trump's new Fed chief
Key takeaways
- 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.
Why this matters: political developments that affect policy direction and public trust.
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.