The United States Senate confirmed Kevin Warsh as the 17th Chair of the Federal Reserve, and I want to be among the first to offer my sincere congratulations. I’ve had the pleasure to know Chairman Warsh for many years, dating back to my time as Vice Chair of the President’s Advisory Council on Financial Literacy, created by President George W. Bush, and while serving on the President’s Advisory Council on Financial Capability for Young Americans under President Obama. 

The Federal Reserve Chair is not simply the steward of interest rates — this is one of the most consequential roles in the global economy, with a direct bearing on the financial lives of everyday Americans. Main Street and Wall Street are not separate economies. They are one economy, and the Fed Chair sits at the intersection of both.

I congratulate Chairman Warsh and look forward to engaging with him on the issues that matter most to the working people, aspiring entrepreneurs, and underserved communities that Operation HOPE exists to serve. Financial stability, price discipline, and a Fed that understands its mandate extends to all Americans — not just those with assets — will be central to our shared work ahead. We stand ready to be a partner and a bridge.

The true measure of any monetary policy is not found in boardrooms or Senate chambers — it is found in the financial dignity and economic opportunity available to every American. That is the work Operation HOPE will continue, and we look forward to that shared mission under Chairman Warsh’s leadership.