Sen. Warren Warns Powell: 'Do Your Job' and Avoid Weakening Ba | Crypto Shake

Sen. Warren Warns Powell: 'Do Your Job' and Avoid Weakening Banking Regulations

Sen. Elizabeth Warren accused Fed Chair Jerome Powell of favoring the financial industry by potentially reducing capital requirements for large banks under Basel III Endgame regulations. In a June 17 letter, Warren criticized Powell for allegedly intervening to dilute these rules after meetings with big bank CEOs.