The Dems' Reactions to Trump's Iran Strikes Proves Again That They Can't Be...
Whose Side Are Democrats Really On?
Can the Left Ever Stop Its Craziness?
The Media Bombs With Its Coverage of the Iran Attack and Leaves Smoldering...
NYC Mayor's Race Watch: A Referendum on National Housing Policy?
A Wise and Frugal Government We Do Not Have, Nor a Virtuous One
Trump Did the Right Thing
There's Nobody to Talk to
The ‘First String’ Is Back in the Game
With Iran Destabilizing the Middle East, American Energy Is More Important Than Ever
Three Years Since Dobbs and the World’s Still Turning
The Senate Must Act to Bring College Costs Under Control
Three Years After Dobbs, the Result Is a Tale of Two Very Different...
One Big, Beautiful Bill: A Blueprint for America's Comeback
Hours After Trump Declares Ceasefire, Iran Denies Agreement, Blames Israel for Starting Wa...
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