Sen. Elizabeth Warren (D-MA) is brushing aside the Justice Department’s move Friday to drop its investigation into Federal Reserve Chairman Jerome Powell, arguing that it is merely to get President Donald Trump’s replacement confirmed, and that a “scheme to take over the Fed” is still in place.
Warren, who is the ranking member on the Senate Banking, Housing, and Urban Affairs Committee, has long accused Trump of working to directly influence monetary policy. She said on Friday that Trump’s nominee for Fed chairman, Kevin Warsh, would be a tool for Trump to control interest rates.
“This is just an attempt to clear the path for Senate Republicans to install President Trump’s sock puppet Kevin Warsh as Fed Chair,” she said in a Friday statement. “Let’s be clear what the Justice Department announced today: they threatened to restart the bogus criminal investigation into Fed Chair Powell at any time while failing to
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