Elizabeth Warren will oppose Fed Chair Powell's renomination, calls him 'dangerous man' to lead Fed
CNN
Democratic Senator Elizabeth Warren announced Tuesday that she will oppose Federal Reserve Chairman Jerome Powell's renomination, making her the highest-profile lawmaker to do so.
"Your record gives me grave concern. Over and over you have acted to make our banking system less safe. And that makes you a dangerous man to head up the Fed," Warren told Powell during a Senate Banking Committee hearing.
Warren argued the Powell-led Fed took "plenty of actions to weaken" oversight of banks, including by adjusting bank stress tests, the Volcker Rule and liquidity requirements.
In her cameo in the 1996 comedy First Wives Club, Ivana Trump offers a witty post-divorce kernel of wisdom: “Don’t get mad, get everything.” The 2024 version of that sentiment, at least among a certain class of billionaire women, might tack on an addendum: Get everything, and give it all away as fast as humanly possible.