Sen. Warren rips Federal Reserve chair pick Kevin Warsh: ‘You have learned nothing from your failures' [CNBC]
Morgan Stanley (MS)
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Source: CNBC
Warren's letter, reported first by CNBC, accuses Warsh of having learned “nothing from your failures” during a prior stint as a Fed governor. Warren told Warsh that his tenure at the central bank, which included the 2008-09 financial crisis and Great Recession, “should disqualify you from a promotion.” Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of the Senate Banking, Housing, and Urban Affairs Committee, during a hearing in Washington, DC, US, on Thursday, March 26, 2026. Sen. Elizabeth Warren sent a blistering letter to Federal Reserve chair nominee Kevin Warsh on Thursday, predicting he would serve as a “rubber stamp for President Trump's Wall Street First Agenda,” and accusing him of having learned “nothing from your failures” during a prior stint at the central bank. Warren, D-Mass, in the letter reported first by CNBC, told Warsh that his record as a member of the Fed's Board of Governors from 2006 until 2011 — which included the 2008-09 f
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