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Sen. Elizabeth Warren charged Tuesday that Federal Reserve Chairman Jerome Powell has led an effort to weaken the nation’s banking system, and she or he vowed to oppose his renomination.
In remarks made throughout a listening to earlier than the Senate banking committee, the Massachusetts Democrat cited three situations the place the Powell Fed has watered down post-financial disaster financial institution rules.
Warren stated these strikes might trigger one other calamity the likes of which the U.S. noticed in the course of the 2008-09 breakdown of Wall Road establishments.
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