{"database": "press", "table": "releases", "rows": [["https://www.hagerty.senate.gov/press-releases/2026/05/20/icymi-hagerty-joins-mornings-with-maria-on-fox-business-to-discuss-china-reconciliation-iran-proxy-advisors-and-new-federal-reserve-chairman/", "ICYMI\u2014Hagerty Joins Mornings With Maria on Fox Business to Discuss China, Reconciliation, Iran, Proxy Advisors and new Federal Reserve Chairman", "2026-05-20", "2026", "2026-05", "Republican", "Senate", "TN", "Bill Hagerty", "H000601", "www.hagerty.senate.gov", "hagerty", "https://www.hagerty.senate.gov/press-releases/", "scraper", "Washington\u2014On Tuesday, United States Senator Bill Hagerty (R-TN), a member of the Senate Foreign Relations, Appropriations, and Banking Committees joined Mornings With Maria on Fox Business to discuss U.S.-China talks, budget reconciliation, Iran, proxy advisors and new Federal Reserve Chairman Kevin Warsh\n\n*Click the photo above or here to watch*\n\nPartial Transcript\n\nHagerty on President Donald Trump\u2019s visit to China: \u201cThe president clearly understands the strategic value of Taiwan, and I\u2019m certain that the conversations with [General Secretary of the Chinese Communist Party] Xi Jinping focused on the aggressive behavior of China in the Strait. I think that President Trump has been very clear that Taiwan is a strategic asset that\u2019s critical not only to our economy, but to the world economy, and it would be devastating to our economy\u2014but to China\u2019s economy much more significantly\u2014were something to happen in Taiwan. Everybody is handling this very carefully; the negotiations are proceeding. I was very pleased with the president\u2019s meeting in China with President Xi. We demonstrated massive strength in terms of our innovative capacity. The CEOs that traveled with the president there with the best of American business, and allies like Japan, Australia, the Philippines are significantly stepping up their military strength and capabilities. I think we have had a significant show of strength in the region.\u201d\n\nHagerty on trade deals with China: [Trade deals] would do a great deal to adjust the trade imbalance that we\u2019ve long had\u2014and long endured\u2014with China\u2026 I think what President Trump is doing is normalizing the trade relations with China where he can. Roughly 90% of the goods that we trade with China are not dual-use goods. I think the president is going to be very clear-eyed about dual-use products, and make certain that America maintains its competitive advantage when it comes to these key technologies, whether that be in AI or technology that could be deployed on a dual basis to military uses.\u201d\n\nHagerty on the conflict in Iran: \u201cWe\u2019re at a point where the Iranians have to agree to something that is going to work for us, or suffer the consequences. President Trump is making that very clear. He has been incredibly patient listening to allies in the Middle East region\u2014I\u2019m certain that they want to see a deal done, because it\u2019s been so devastating to all of them\u2014but President Trump\u2019s patience must be wearing thin at this point. We certainly have the military capacity to deliver exactly what President Trump is suggesting. Brad Cooper, our head of [U.S. Central Command], still has a significant target package left to go. It will take a couple of weeks to execute that, but at that point in time, it will be an entirely different show. I think the Iranian regime needs to wake up, understand that, and make a clear decision. They will not have nuclear weapons, nor will they have that capacity. They have to stop the terror in the region and stop their hostile behavior. It\u2019s clear to me that the decision time has come. Let\u2019s hope they make the right one.\u201d\n\nHagerty on proxy advisors: \u201c[ISS and Glass Lewis] are a duopoly of companies that advise passive investors\u2026 how to vote on the shares of stock that they represent in America\u2019s companies. And we found these proxy advisors engaging in political activity \u2026 to prohibit the free movement of American corporations. It\u2019s absolutely unconscionable\u2014it\u2019s a racket and it\u2019s a duopoly. [Proxy advisors] are misusing their monopoly status. It\u2019s time for it to come to an end, and I intend to pursue it legislatively with any Republican or Democrat that is willing to work with me [\u2026] I was serving on the board of directors of a New York stock exchange traded company before I came into public office, and we got a recommend against one of the positions on our proxy statement\u2026then we get a call the next week to the CEO\u2019s office saying, \u2018we have a consulting arm that can help you get right with us.\u2019\u2026 They shouldn\u2019t be involved in politics; they need to be held to account\u2026 We need to step and get clarity and transparency in terms of what they\u2019re doing and get them out.\u201d\n\nHagerty on budget reconciliation and DHS funding: [The ballroom funding] is a negotiation that\u2019s ongoing with the parliamentarian. Senate leadership are reconsidering how they\u2019re going to present that. But, that discussion is not over. [\u2026] The important thing here is that we need to fund [Immigration and Customs Enforcement]. We need to fund the Department of Homeland Security, and this $72 billion package is going to do what the Democrats have refused to do in the face of massive increase in death threats and assaults against ICE officers. The Democrats have been willing to stand back and let this happen, and defund the police here in America\u2014that\u2019s not going to stand. Republicans will not allow it; the president is not going to allow it. We will get this done in a matter of days.\n\nHagerty on Federal Reserve interest rates: Here, we\u2019re talking about a market that\u2019s dealing with a specific event. There is significant backwardation in the market right now, which means that the market is expecting prices on West Texas crude oil to be significantly lower in six-nine months, that certainly feels transitory to me. I think that we\u2019ll be capable of looking past that. I look forward to getting [Chairman of the Federal Reserve] Kevin [Warsh] in the position. He certainly has the capacity and the maturity to look at this wholeheartedly, and get the right answer for America.\n\n###", 1, "2026-05-21T06:28:16Z", "2026-05-21T06:29:43Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.hagerty.senate.gov/press-releases/2026/05/20/icymi-hagerty-joins-mornings-with-maria-on-fox-business-to-discuss-china-reconciliation-iran-proxy-advisors-and-new-federal-reserve-chairman/"], "units": {}, "query_ms": 2.3544279392808676, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}