Home Markets Jerome Powell “failed” as chairman of the Federal Reserve System.

Jerome Powell “failed” as chairman of the Federal Reserve System.

by SuperiorInvest

Sen. Elizabeth Warren, D-Mass., criticized Federal Reserve Chairman Jerome Powell in an interview on NBC News’ “Meet the Press” Sunday, saying he has “failed” to his duties and should not be in his role.

“He had two jobs. One dealing with monetary policy. One dealing with regulation. He failed at both,” she said.

“Look, I don’t think he should be chairman of the Federal Reserve. I’ve said that as publicly as I can say that. I’ve said that to everybody,” said Warren, who serves on the Senate Banking Committee. .

Powell, who was nominated by President Donald Trump in 2017faced criticism for his handling of banking regulations after the collapse of Silicon Valley Bank.

Warren urges tighter banking regulations.

This is a developing story. Check back later for updates.

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