‘I Don’t Think He Should Be Chairman’: Elizabeth Warren Blows Up At Jerome Powell Over Inflation, Bank Failures | Eastern North Carolina Now

    Publisher's Note:This post appears here courtesy of the The Daily Wire. The author of this post is John Rigolizzo.

    Massachusetts Democratic Senator Elizabeth Warren called for a new Federal Reserve Chairman on Sunday as she lashed out at Jerome Powell's job performance.

    Appearing on several Sunday talk shows, Warren accused Powell of taking a "flamethrower" to regulations on big banks and failing to control inflation. In the wake of the Silicon Valley Bank collapse, Warren called for the Federal Reserve and Congress to impose more regulations. She also said that Powell should not be chairman of the Fed.

    "Donald Trump ran for president saying he would lighten the regulations on these banks," Warren said on CBS News's "Face the Nation." "And then Jerome Powell just literally took a flamethrower to these regulations in order to make them less and less effective."

    "Jerome Powell has said that all he wants to do is lighten regulations on the banks," she added. "I opposed him as Chairman of the Federal Reserve Bank precisely for that reason. I said he was a dangerous man to have in this position."

    Warren went on to call for "accountability" from Powell and the financial regulators who "clearly fell down on the job"; and from financial executives who she says enabled the SVB collapse with risky investments.

    Warren echoed similar sentiments on NBC's "Meet the Press."

    "He has a dual mandate," she said. "Yes he is responsible for dealing with inflation, but he is also responsible for employment. And what Chair Powell is trying to do- and he has said fairly explicitly- is that they are trying to, in effect, slow down the economy so that - this is, by the Fed's own estimate - two million people will lose their jobs. And I believe that is not what the chair of the Federal Reserve should be doing."

    NBC's Chuck Todd then asked Warren whether Powell should be fired.

    "My views on Jay Powell are well known at this point," Warren responded. "He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both."

    "Look, I don't think he should be chairman of the Federal Reserve," she concluded. "I have said it as publicly as I know how to say it. I've said it to everyone."
Go Back

Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )

Vivek Ramaswamy Warns Trump Indictment Would Be ‘National Disaster’ Daily Wire, Guest Editorial, Editorials, Op-Ed & Politics Chris Christie Doubts Indictment Would Help Trump In 2024


Latest Op-Ed & Politics

Legendary director Martin Scorcese met with Pope Francis during a tour of Italy after Cannes and announced he’ll be making a Jesus-focused film.
After a judge ruled Trump liable in the sexual abuse and defamation case brought by E. Jean Carroll, the former President responded by announcing he would pay the $5 million judgment using his collectible NFT trading cards.
A pro-life activist suspects nefarious intentions behind the FBI sending agents to her childhood home last month.
Sam Brinton, the “nonbinary” activist tapped by Joe Biden for a key nuclear role before he was fired for stealing women’s clothes, was arrested again Wednesday night as a “fugitive from justice” for allegedly stealing luggage, The Daily Wire has learned.
N.C. Attorney General Josh Stein opposes a motion to dismiss a lawsuit filed against him. The suit chalenges North Carolina's restrictions on abortion pills.
A local father determined the time had come to sit his young son down and officially have "The Talk"...about the Star Wars sequel trilogy. The man reportedly knew he couldn't avoid it any longer once the boy began to talk about how great The Last Jedi was.
Deutsche Bank agreed to pay $75 million to settle a lawsuit accusing the company of failing to recognize the sex trafficking conducted by Jeffrey Epstein, the deceased pedophile hedge fund manager who was once a client of the firm.
Massive "city" of enormous wind turbines would severely conflict with military training and operations


Actor Kevin Costner hinted at a new Western film on Wednesday as he’s set to exit the hit television series “Yellowstone” later this year.
The Attenborough family reportedly expressed regret for having brought Grandpa to the beach with them for a leisure weekend. The grandkids in particular wished he would just shut up and let them enjoy the beach.
The California Public Employees’ Retirement System (CalPERS) recently opposed legislation that would require divestment from fossil fuel companies despite the agency’s support of the environmental, social, and corporate governance movement, also known as ESG.
How Washington, North Carolina neglects African-American, Latino and Poor Communities
Retail giant Target has lost $10 billion in market capitalization in ten days, largely due to the backlash over prominent LGBTQ+ PRIDE displays including transgender-friendly clothing items for children.
and also reject transgender medical procedures for chidlren
The N.C. State Board of Elections is updating voter registration forms to comply with the state Supreme Court's ruling against felon voting.


Back to Top