Elizabeth Warren says Jerome Powell should no longer be Fed chair

Elizabeth Warren says Jerome Powell should no longer be Fed chair

Sen. Elizabeth Warren (D-Mass.) said Sunday that Jerome Powell should no longer chair the Federal Reserve after the collapse of two U.S. banks under his leadership earlier this month. Warren, who has criticized Powell for years, most recently over his decision to keep raising interest rates to curb inflation, said he hasn’t been effective in … Read more

Warren says proposal to lift FDIC insurance cap ‘needs to be on the table right now’

Warren says proposal to lift FDIC insurance cap ‘needs to be on the table right now’

Washington— Massachusetts Sen. Elizabeth Warren said Sunday that a congressional proposal to lift the Federal Deposit Insurance Corporation (FDIC) insurance limit of its current $250,000 limit is an option that “needs to be on the table right now” as lawmakers debate how to respond to the rapid collapse of two banks earlier this month. “I … Read more