Senator Warren says Fed chair ‘has to recuse himself’ from reviewing regulatory failures

Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve’s supervision and regulatory activities following Silicon Valley Bank’s closure.

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Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome Powell to recuse himself amid an internal probe at the Federal Reserve.

Speaking to reporters in Washington D.C. on March 15, Warren said Powell had led “the de-regulatory movement” at the Fed potentially touching upon some of the conditions that had led to the collapse of Silicon Valley Bank. The Fed chair called for a “thorough, transparent, and swift review” of its activities on March 13 following the

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