Welcome

Warren Opposes ‘Dangerous’ Powell for Second Term as Fed Chair

Sept. 28, 2021, 8:14 PM

Senator Elizabeth Warren, pressing Federal Reserve Chair Jerome Powell on his record on financial regulation, said she wouldn’t support him for a second term as head of the U.S. central bank -- the highest-profile Democrat with a say on his confirmation to come out against him.

“Your record gives me grave concern,” the Massachusetts Democrat said Tuesday during a Senate Banking Committee hearing. “You have acted to make our banking system less safe, and that makes you a dangerous man to head up the Fed and that is why I will oppose your renomination.”

Powell’s term expires in February ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.