Jerome Powell has ‘failed’ as Federal Reserve chair, Sen. Elizabeth Warren says

Sen. Elizabeth Warren, D-Mass., slammed Federal Reserve Chair Jerome Powell successful an interrogation with NBC News' "Meet the Press" Sunday, saying helium "has failed" successful his duties and shouldn't beryllium successful his role.

"He has had 2 jobs. One is to woody with monetary policy. One is to woody with regulation. He has failed astatine both," she said.

"Look, I don't deliberation helium should beryllium president of the Federal Reserve. I person said it arsenic publically arsenic I cognize however to accidental it. I've said it to everyone," said Warren, who serves connected the Senate Banking Committee.

Powell, who was nominated by President Donald Trump successful 2017, has faced disapproval implicit his handling of banking regulations pursuing the collapse of Silicon Valley Bank.

Warren has been pressing for stricter banking regulations.

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