Sen. Elizabeth Warren, D-Mass., slammed Federal Reserve Chairman Jerome Powell in an interview with NBC News’ “Meet the Press” Sunday, saying he “failed” in his job and should not be in his role.
“He has two jobs. One to deal with monetary policy. One to deal with regulation. He has failed in both,” she said.
“Look, I don’t think he should be chairman of the Federal Reserve. I’ve said it publicly like I know how to say it. I’ve said it all,” said Warren, who serves on the Senate Banking Committee. .
Powell, who was nominated by President Donald Trump in 2017, has faced criticism over his handling of banking regulations following the collapse of Silicon Valley Bank.
Warren has pushed for stricter banking regulations.
This is a developing story. Check back later for updates.