Elizabeth Warren urges Fed’s Powell to ‘step back’ and recuse himself from SVB review
FOX Business' Grady Trimble interviews Sen. Elizabeth Warren, D-Mass., on Capitol Hill Wednesday about market futures plunging and Fed Chair Jerome Powell's handling of the economy.Democratic Sen. Elizabeth Warren
, D-Mass., is questioning the credibility of the Federal Reserve and calling on Chair Jerome Powell to step back from the review of the Silicon Valley Bank collapse. "For this review to have any credibility at all, Chair Powell has to recuse himself.
, who was not there during all of this, let him conduct an independent investigation," she added. "That's the only way we can have some confidence in it."fell more than 500 points , while S&P 500 and Nasdaq Composite futures fell more than 70 points and 200 points, respectively. Credit Suisse shares hit a new record low as well, losing almost a quarter of its value; other regional banks seeing sharp declines include First Republic, PacWest, and KeyBank.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Warren calls on Fed Chief Powell to recuse himself from Silicon Valley Bank investigation'Fed Chair Powell’s actions to allow big banks ... to boost their profits by loading up on risk directly contributed to these bank failures,' Warren said.
Read more »
Warren urges Powell to recuse from SVB probe, demands answers of ex-bank CEODemocratic U.S. Senator Elizabeth Warren on Tuesday called on Federal Reserve Chair Jerome Powell to recuse himself from an internal review of recent bank failures, saying his actions 'directly contributed' to them.
Read more »
Warren Calls on Fed’s Jerome Powell to Recuse Himself From Investigating Silicon Valley Bank FailureSen. Elizabeth Warren is calling for Federal Reserve Chair Jerome Powell to recuse himself from his agency’s investigation into the Silicon Valley Bank failure because his actions directly contributed to the collapse.
Read more »
Elizabeth Warren calls for SVB executives' salaries to be 'clawed back'The Democratic senator is blaming members of both major political parties, as well as lobbyists, for recent rollbacks.
Read more »
Elizabeth Warren: SVB executives should face financial, legal consequencesElizabeth Warren says the millions in bonuses Silicon Valley Bank executives took home last year should be recovered by regulators: 'We should claw all that back'
Read more »
Column: Reports of a rift between Kamala Harris and Elizabeth Warren play into Republican handsDid the senator really insult the vice president? Did Harris really not accept her apology? Or is a misunderstanding being exploited to delegitimize women in politics?
Read more »