Warren Slams Powell for Cozy Relationship with Bank Executives, Weak Banking Rules
July 03, 2024
July 03, 2024
WASHINGTON, July 3 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Senator Elizabeth Warren (D-Mass.) wrote to Jerome Powell, Chair of the Federal Reserve System (Fed) regarding his cozy relationships with bank executives and their influence on Fed policy. Dozens of private meetings and conversations between Powell and big bank executives appear to have stopped progress on crucial banking reforms like increasing bank capital requirements, reforming ban . . .
Senator Elizabeth Warren (D-Mass.) wrote to Jerome Powell, Chair of the Federal Reserve System (Fed) regarding his cozy relationships with bank executives and their influence on Fed policy. Dozens of private meetings and conversations between Powell and big bank executives appear to have stopped progress on crucial banking reforms like increasing bank capital requirements, reforming ban . . .