Warren Calls for Investigation into the Fed, Says Powell Has 'Failed' as Chair

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Warren Calls for Investigation into the Fed, Says Powell Has 'Failed' as Chair
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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.”

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