House Budget Committee Chairman Jodey Arrington (R-Texas) issued a statement supporting President Trump’s nomination of Kevin Warsh to serve as Chair of the Board of Governors of the Federal Reserve System.
Arrington said, “Kevin Warsh is the right man for the job.
“Kevin is a longtime friend and former White House colleague—one of the smartest and most talented people I have ever served with.
“Kevin is a conservative economist, financial markets expert, and respected authority on fiscal, monetary, and economic policy.
“Kevin is a strong leader with deep convictions for free people, free markets, and fiscal responsibility. He has questioned the Fed’s recent failures, criticized the Fed’s overreach of the past, and rightfully admonished the Fed’s complicity in the explosion of our national debt.
“He has dedicated his career to serving our great country and advancing the principles that made America the most powerful and prosperous nation in human history.”
The House Budget Committee plays an important role in managing federal spending oversight and developing budget guidelines. The committee works to promote fiscal responsibility through its efforts on long-term programs and budget deficits. More information about its functions can be found on its official website.
As part of its responsibilities within Congress, the House Budget Committee prepares annual budget resolutions, sets spending targets, collaborates with other committees such as Ways and Means and Appropriations, and works closely with entities like the Congressional Budget Office for independent analyses (source). The committee was established in 1974 by legislation aimed at strengthening congressional control over budgetary matters (source). Chairman Arrington leads these efforts from Washington, D.C., where the committee operates as part of the U.S. House of Representatives (source).