Elizabeth Warren Says Powell ‘Failed’ as Leader Over Fed Trading Scandal
- Asks why he didn’t ‘prevent these activities’ in Senate speech
- Massachusetts Democrat opposes Powell for second term as chair
Photographer: Kevin Dietsch/Getty Images/Bloomberg
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Senator Elizabeth Warren said revelations about investment transactions last year by Federal Reserve officials call into question Jerome Powell’s leadership of the U.S. central bank.
“For Fed officials to actively trade in the market raises legitimate questions about conflicts of interest and insider trading,” the Massachusetts Democrat said Tuesday during a Senate speech. “These Fed officials actually show, at a minimum, really bad judgment.”