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.
“Donald Trump ran for president saying he would lighten the regulations on these banks,” Warren said on CBS News’s “Face the Nation.” “And then Jerome Powell just literally took a flamethrower to these regulations in order to make them less and less effective.”
“Jerome Powell has said that all
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