Senator Elizabeth Warren has strongly criticized Federal Reserve Chair Jerome Powell for considering changes to banking regulations that would impact the capital requirements for large American banks. Warren accuses Powell of acting in the interests of the financial industry rather than protecting Main Street Americans. She has urged Powell to reject the misleading claims of megabanks and to focus on what is best for the broader public. Warren's comments come as Powell evaluates potential changes to the Basel III Endgame regulations, which are designed to ensure that banks maintain sufficient capital cushions.
Sen. Elizabeth Warren has accused Federal Reserve Chairman Jerome Powell of not doing his job as he considers changes to the Basel III Endgame regulations. https://t.co/1tpeHjBt24 https://t.co/sdymn7JKWc
"Do your job": Sen. Elizabeth Warren blasts Federal Reserve Chair Jerome Powell on bank rules https://t.co/NQrh91GGUu
Powerful message from @SenWarren calling on @federalreserve to reject megabank's misleading claims on #capital and actually do what's in the best interests of Main Street Americans. https://t.co/ejFGu4uGid
LISTEN NOW: Senator Elizabeth Warren, D-Mass., is taking on big banks and Federal Reserve Chair Powell. She has a spirited conversation with our hosts about the Fed, the banking system, and tax code fairness. Listen and follow the @SquawkCNBC podcast here: https://t.co/gZaa8fjg8c https://t.co/HUcJbtCv1X
Sen. Elizabeth Warren is accusing Fed Reserve Chair Jerome Powell of doing the financial industry’s bidding by considering changes to a sweeping set of regulations aimed at boosting the capital cushion that large American banks would be required to hold. https://t.co/C8w9zcLU4D https://t.co/VTVgv8YKjd
Sen. Warren warns Powell against weakening banking regulations: 'Do your job’ https://t.co/W9hVVeqP8r