Elizabeth Warren Demands Fed Chair Jerome Powell be Replaced
Daily Wire: Massachusetts Democratic Senator Elizabeth Warren called for a new Federal Reserve Chairman on Sunday as she lashed out at Jerome Powell’s job performance. Appearing on several Sunday talk shows, Warren accused Powell of taking a “flamethrower” to regulations on big banks and failing to control inflation. In the wake of the Silicon Valley Bank collapse, Warren called for the Federal Reserve and Congress to impose more regulations. She also said that Powell should not be chairman of the Fed (Daily Wire). Face the Nation: “We need accountability for our regulators who clearly fell down on the job,” SenWarren tells margbrennan on the Silicon Valley Bank collapse, adding that it “starts with” Federal Reserve Chairman Jerome Powell, who she says “was a dangerous man to have in this position” (Twitter). NBC: President Joe Biden renominated Powell as Federal Reserve chairman in Nov. 2021. The decision was met with pushback from some progressives and certain Democrats had argued that Powell was too hands-off as a banking regulator. Around that time, Warren was a leading opponent of Powell, calling him a “dangerous man” who had led an effort to weaken the nation’s banking system at a hearing in late 2021 (NBC).
https://www.nbcnews.com/politics/congress/elizabeth-warren-jerome-powell-failed-fed-chair-rcna75635