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U.S. Senate’s Warren calls Powell ‘dangerous man’ to lead the Fed By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – Senator Elizabeth Warren (D.MA) talks to journalists after a Senate Armed Services Committee closed session on Capitol Hill, Washington, U.S.A, September 14, 2021. REUTERS/Evelyn Hockstein

(Reuters) – A top Senate Democrat on Tuesday said she would vote against a reappointment of Jerome Powell as chair of the U.S. Federal Reserve, calling him a “dangerous man” to lead the central bank.

Massachusetts Senator Elizabeth Warren, who has been a vocal critic of Wall Street oversight and a member on the panel that reviews nominations to the Federal Reserve board’s boards, stated that Powell being appointed to another term is not a risk worth taking.

While the White House still hasn’t made a decision whether Powell would be reappointed, her term expires in February.

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