Sen. Elizabeth Warren is seeking an independent investigation into the Federal Reserve as well as the U.S. banking regulatory system while calling out Fed Chairman Jerome Powell for failing in his duties.
and Signature Bank. The Fed has announced it will investigate S.V.B.’s collapse, but Warren also wants the agency to roll back deregulation enacted under the Trump administration and to “look at these banks with much more scrutiny.”, Warren went directly after Powell, a Trump appointee, saying he “took a flamethrower to the regulations.” “He had two jobs,” the senator said.
“Look, I don’t think he should be Chairman of the Federal Reserve,” Warren added, noting that she opposed his nomination during the Trump presidency. “I have said it as publicly as I know how to say it. I’ve said it to everyone.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Warren: Jerome Powell has ‘failed’ as Federal Reserve chairSen. Warren on Federal Reserve Chair Jerome Powell: 'He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both.'
Read more »
Elizabeth Warren blasts Jerome Powell for taking 'flamethrower' to bank regulationsSen. Elizabeth Warren (D-MA) ratcheted up her criticism of Federal Reserve Chair Jerome Powell, contending he “took a flamethrower” to bank regulations.
Read more »
Warren calls for investigation into the Fed amid banking turmoilSen. Elizabeth Warren called for an independent investigation into the Federal Reserve and the banking regulatory system during an appearance on ABC's 'This Week' Sunday.
Read more »
US Senator Warren criticizes Fed, calls for probe into SVB failureU.S. Senator Elizabeth Warren on Sunday called for an independent probe into the recent failures of Silicon Valley Bank and Signature Bank and took specific aim at the head of the Federal Reserve Bank of San Francisco responsible for oversight of SVB.
Read more »
Elizabeth Warren: Fed Chair Powell wants to ‘put millions of people out of work’ to fight inflationSen. Elizabeth Warren tore into Federal Reserve Chairman Jay Powell on Sunday, accusing the presidential appointee of wanting to put millions of people out of work to combat inflation by continuing to raise interest rates.
Read more »