1. United States
2. Mich.
3. Letter

I am a voting constituent writing to express strong opposition to the confirmation of Kevin Warsh as the next Chair of the Federal Reserve. The ethical and procedural hurdles facing his nomination make Mr. Warsh an unsuitable candidate to lead our nation’s central bank and should disqualify Mr. Warsh from this important position: Unanswered Questions Regarding Ethical Associations: Serious concerns have emerged regarding Mr. Warsh’s past associations with Jeffrey Epstein. Internal communications suggest that Mr. Warsh and his wife were included on guest lists for events organized by Epstein, including a dinner in New York and a gathering in St. Barthélemy. As Senator Elizabeth Warren has correctly noted, the public deserves full transparency regarding the extent of these interactions. Until Mr. Warsh provides a comprehensive account and all requested records of these communications, he should not be considered for a role that requires the highest level of public trust. Failure to Provide Required Disclosures: It is alarming that the Senate Banking Committee has reportedly not yet received essential paperwork from Mr. Warsh, including necessary financial and ethics disclosures. His failure to comply with these standard requirements suggests a disregard for the oversight process and prevents a thorough vetting of potential conflicts of interest. Threats to Federal Reserve Independence: The circumstances surrounding this nomination appear to be inextricably linked to political pressure. The current standoff in the Senate Banking Committee—where confirmation is being delayed due to the Department of Justice’s probe into current Chair Jerome Powell—threatens to compromise the independence of the Federal Reserve. Confirming a nominee amidst such political maneuvering risks transforming the Fed into an arm of the executive branch rather than an independent guardian of our monetary policy. Economic Ideology and Market Stability: Mr. Warsh’s historical focus on price stability at the expense of employment goals, combined with his criticism of the Fed’s balance sheet, has already caused significant market volatility. His potential shift in monetary policy could lead to unintended consequences, including stifled economic growth and increased borrowing costs for everyday Americans. The Federal Reserve Chair must be an individual of unimpeachable character, dedicated to transparency, and committed to the institution's independence. Kevin Warsh has failed to demonstrate these qualities. Uphold the integrity of our financial institutions and vote against Mr. Warsh’s confirmation.