Sen. Moreno Reads Schumer’s Past Praise of Fed Chair Nominee Warsh: He’s Committed to Strong Capital Standards, and ‘Meaningful Market Discipline’

EXCERPT:

MORENO: “Mr. Chairman, I'm going to read something here for a second. Mr. Chairman, it's clear that Mr. Warsh is tremendously accomplished. He has committed to strong capital standards, effective supervision, and meaningful market discipline. He knows unequivocally that the Fed must be independent, non-ideological, and non-partisan. And for this reason, I am proud to support his nomination. I wish I had said those words, but those are the words of Senator Chuck Schumer when he voted to confirm, in fact, introduce you.”