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Senate Banking Committee chair says he will lead a 'thoughtful, timely' confirmation process for Warsh

True

Evidence from credible sources supports the statement as accurate. Learn more in Methodology.

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oversight

Senate Banking Committee Chairman Tim Scott leads the committee's confirmation process for Kevin Warsh and conducts a review of Warsh's vision for the Fed.

Source summary
President Trump nominated Kevin Warsh to be Chair of the Federal Reserve Board of Governors on January 30, 2026. The White House highlighted Warsh’s experience as a former Fed governor, private-sector executive, and economic adviser, and the nomination received broad support from Republican lawmakers, business groups, and financial leaders. Supporters emphasized his experience with crisis management, a focus on accountability and fighting inflation, and plans to modernize the Fed on topics such as digital assets. The nomination now moves to the Senate confirmation process.
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Latest fact check

Senate Banking Committee Chairman Tim Scott said in an official Jan. 30, 2026 statement that he “look[s] forward to leading a thoughtful, timely confirmation process that carefully examines [Warsh's] vision for focusing the Federal Reserve on its core mission.” That wording appears verbatim in the Senate Banking Committee press release and is reproduced in the White House announcement; Reuters also reported Scott’s comment. Verdict: True — the claim accurately reflects Chairman Scott’s official statement and is corroborated by multiple reputable sources.

Sources

Timeline

  1. Update · Jan 31, 2026, 10:12 AMTrue
    Senate Banking Committee Chairman Tim Scott said in an official Jan. 30, 2026 statement that he “look[s] forward to leading a thoughtful, timely confirmation process that carefully examines [Warsh's] vision for focusing the Federal Reserve on its core mission.” That wording appears verbatim in the Senate Banking Committee press release and is reproduced in the White House announcement; Reuters also reported Scott’s comment. Verdict: True — the claim accurately reflects Chairman Scott’s official statement and is corroborated by multiple reputable sources.
  2. Original article · Jan 30, 2026
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