Senate Banking Committee Chairman Tim Scott stated on Tuesday his desire for Federal Reserve Chair Kevin Warsh to address matters concerning data centers and artificial intelligence.

Republican Senator Scott from South Carolina will preside over Warsh's appearance before the committee on Wednesday, marking Warsh's first such hearing since becoming Fed Chair. Warsh first testified before the House Financial Services Committee on Tuesday.

During the nomination hearing on Thursday, June 25, 2026, in Washington D.C., the committee's chairman, Senator Tim Scott, and its senior member, Senator Elizabeth Warren of Massachusetts, were present. The hearing aimed to review several nominees.

Senate Banking Committee Chairman Tim Scott indicated on Tuesday that he hopes Fed Chair Kevin Warsh will provide clarification on issues related to data centers and artificial intelligence.

The Republican senator from South Carolina will convene the hearing with Warsh on Wednesday, which will be Warsh's first committee appearance as Fed Chair. Warsh is appearing before Congress to deliver the semi-annual monetary policy report. When asked about the hearing's focus during an appearance on a financial news program, Scott revealed he hopes the discussion will extend beyond monetary policy.

"The Fed's dual mandate is critical: price stability and maximum employment. But I also believe we must delve deeply into the current state of the 人工智能 industry in South Carolina," Scott said. "The core issue we really need to clarify is how to ensure various data centers bear the costs of the water and electricity they consume."

Scott noted that some groups in South Carolina have called for shutting down the data centers that support the 人工智能 industry. Bans on new data center construction are being pursued in various parts of the country, as public opposition to such facilities grows stronger due to rising utility bills.

"Looking at the bigger picture, the most critical question is: who will lead the future? China or the United States? 人工智能 will be the core factor determining the outcome of this competition," he stated. "I want to ensure America is on the favorable side of history. Frankly, we must first solve our existing domestic problems to win in this race."