The Reaction to the Death of the Iranian President Got Worse
Joe Biden's Executive Privilege Plot Is a Nixonian Throwback
The ‘Trump Never Conceded’ Lie
Now Males Invade Women's Rights Outrage, as Ron DeSantis Is Blocking a MAN's...
Silver Lining in Jen Psaki's Lie: Gold Star Family Gets Red Carpet Rollout...
Universities Breed Evil
Biden Lawsuit Against Sheetz Gas Will Enrage Pennsylvania Voters
Two Contrasting Congressional Days
The B(D)S Movement
Here's When Schumer Plans to Vote on the Border Bill
Biden Really Just Said This About an American Held Hostage by Hamas
Poll Spells Bad News for Biden in Arizona
Prosecution Rests in Trump's Hush Money Trial
Two Jordanian Nationals Tried to Breach a U.S. Military Base in Possible ISIS...
Members of Congress Are Actually Praising the ICC for Coming After Netanyahu
Tipsheet

Warren on Powell: He's a 'Dangerous Man' to Have as Fed Chairman

Democrat Sen. Elizabeth Warren of Massachusetts held nothing back on Sunday in her criticism of Federal Reserve Chairman Jerome Powell over his handling of the economy.

Advertisement

“My views on Jay Powell are well-known at this point,” Warren said during an interview on NBC’s “Meet the Press.” “He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both.”

Warren’s comments come as the Fed is expected to raise interest rates by a quarter-point this week, despite turmoil in the banking industry and the recent collapse of Silicon Valley Bank and Signature Bank.  

On CBS’s “Face the Nation,” Warren argued Powell is a “dangerous man” to serve as Fed chairman.  

“Donald Trump ran for president saying he would lighten the regulations on these banks,” she noted. “And then Jerome Powell just literally took a flamethrower to these regulations in order to make them less and less effective.”

She added: “I opposed him as Chairman of the Federal Reserve Bank precisely for that reason. I said he was a dangerous man to have in this position.”

Host Margaret Brennan then asked if her opposition to Powell is "sowing more distrust in the federal government right now."

Advertisement

"What I'm doing is being honest about what's gone wrong," Warren responded. "I don't think you build any trust at all, if you don't start with why it's broken, and who it is - excuse me, that is responsible for that. We need accountability for our regulators who clearly fell down on the job, and that starts with Jerome Powell. And we need accountability for the executives of these large financial institutions."


Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement