(15 Mar 2023) Sen. Elizabeth Warren, D-Mass., blasted Fed Chair Jerome Powell on Wednesday over the bank runs involving Silicon Valley Bank and Signature Bank.
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On Tuesday, Senator Elizabeth Warren had a heated exchange with Federal Reserve Chair Jerome Powell over his handling of bank failures during the COVID-19 pandemic. During the Senate Banking Committee hearing, the Senator accused the Fed of being too lenient with large banks and criticized the lack of accountability both for those banks and for Powell himself. The Senator focused on the Fed's decision to ease regulations on the largest banks earlier this year after the pan
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