Senator Thom Tillis

I think that we need to do that very quickly, and we should throw data privacy, data breach in there so that we get it right, and maybe we have a gold-plated standard that Europe can be instructed by.

Well, we could have a hearing all we want, but until the investigation is done, I still believe that the initial inquiry and the investigation was a flex to try and get the current chair to step aside.

Chair Powell has a term as chair that expires in May.

He also has a term that could extend for two more years.

I have no intention of allowing any Fed board nominee to move forward out of committee and to be confirmed.

until this matter is settled.

Look, this is foundational to Fed independence, and I, for one, am going to stand on the side of certainty, and Fed independence is what delivers certainty in our markets.

Well, you know, I've said that they shouldn't confuse or conflate two issues.

The suggestion that we should have an oversight hearing to see how well this building project with the Fed has gone is fine with me.

In fact, I think we should have that kind of oversight for the East Wing construction, the upfit of the Air Force One that's kind of a mini Air Force One because it can't fly out of U.S.

borders.

All of that is just good governance oversight.

None of that has anything to do with an investigation that I believe was dead on arrival.

We are talking about two minutes of testimony that seven members of the banking committee, Republican members, including the chair, have all said.

did not constitute a crime.

We've got a prosecutor who's not listening to the eyewitnesses and continuing.

That's not productive, and I'm not going to allow it.

Maybe they can convince a Democrat to vote with them, but as long as I'm the deciding vote, we can have Mr. Warsh, who I would love to be the next Fed chair.

But I'm not going to confirm the next Fed chair until I can be absolutely certain that these sorts of flexes do not always have members of the Federal Reserve Board or the chair looking over their shoulder wondering when they get the call from some U.S.

Well, I've had a conversation with the American people in C-SPAN yesterday on the floor, and I don't think I was mincing words.