MBA Statement on Kevin Warsh’s Nomination to Serve as Federal Reserve Chairman

MBA President and CEO Bob Broeksmit, CMB, released a statement on President Donald Trump’s announcement of his intention to nominate Kevin Warsh to serve as Chairman of the Federal Reserve:

“MBA congratulates Kevin Warsh on his nomination to serve as Chairman of the Federal Reserve. His prior service on the Federal Reserve Board, where he developed a reputation as a prudent, thoughtful voice on monetary policy, paired with his private sector experience, will be invaluable as he leads the Federal Reserve in what has become an increasingly challenging and complicated mission.

“We look forward to learning more about his views during his Senate Banking Committee hearing. A balanced regulatory approach and a safe, resilient bank capital framework are essential to a healthy banking system that supports economic growth, job creation, and access to credit for consumers and businesses. MBA will continue pressing for targeted regulatory improvements – including recalibrated capital treatment for mortgage servicing rights and warehouse lending under a revised Basel III capital framework – that encourage greater bank participation in single-family and commercial real estate markets.”