ICYMI: Senator Blunt Rochester Discusses Housing, Fed Chair Warsh, Bill Pulte on CNBC’s “Squawk Box”

Click here to watch the full interview Senator Blunt Rochester’s Interview Senator Lisa Blunt Rochester (D-Del.), a member of the Senate Committee on Banking, Housing, and Urban Affairs, today appeared on CNBC’s “Squawk Box.” She discussed the 21 st Century ROAD to Housing Act , Federal Reserve Chair Kevin Warsh, and Bill Pulte’s appointment as Acting Director of National Intelligence. A key excerpt can be found below. Andrew Ross Sorkin: “Kevin Warsh arguably is an eminently qualified person in terms of his experience, yet you voted against him and I want to understand why. Was that a vote just to send a signal, or was that because you did not believe that he actually should be in this role?” Senator Blunt Rochester: “ I thought he and I had a very good meeting in my office before the hearing. I shared with him some of my concerns. I also let him know ahead of time that I would probably be voting no for him. I’m still waiting on some information that I asked him about, even in the hearing. As you could see from the hearing, I tried to be very kind of clear about my issues. “One was, what does regime change mean, and policy change, which he talked about in the hearing, as well as in his testimony. I wanted to know because I’m seeing an administration that is taking independent agencies and organizations, and either not putting both Democrats and Republicans on them or even taking away some of their power. So, I wanted to hear from him specifically. What does that mean? “I also shared with him just my concerns about the issue of AI. I was Secretary of Labor in Delaware, and head of state personnel, and so one of my big areas of focus is looking at the workforce and jobs, but also how will AI impact our economy, and so one of the things that he talked about is betting on AI as we’re looking at interest rates, and for me, I want to make sure that we’re thoughtful about what we are doing, and that I don’t want AI to be a bubble. I want to make sure we’re, we’re, we’re not making decisions based on a bet, and so those were the real main reasons for me.”