Scott Statement on President Biden's Federal Reserve Nominees
Statement
Issues: Monetary Policy Executive Branch
"Presidential nominees should inspire confidence, have a strong respect for the rule of law, and support policies that promote the American dream. I believe only one of the three Federal Reserve nominees before us today fits this mold. The Fed faces a tall order of bringing down inflation, addressing its supervisory failures in the wake of bank collapses, and remaining an independent body focused on its dual mandate despite political pressures to do otherwise. So, if confirmed, I hope these nominees take their roles seriously, as our Federal Reserve Governors must remain apolitical for the good of the economy and country."
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