Elizabeth Warren urges Fed’s Powell to ‘step back’ and recuse himself from SVB review
FOX Business' Grady Trimble interviews Sen. Elizabeth Warren, D-Mass., on Capitol Hill Wednesday about market futures plunging and Fed Chair Jerome Powell's handling of the economy.Democratic Sen. Elizabeth Warren
, D-Mass., is questioning the credibility of the Federal Reserve and calling on Chair Jerome Powell to step back from the review of the Silicon Valley Bank collapse. "For this review to have any credibility at all, Chair Powell has to recuse himself.
, who was not there during all of this, let him conduct an independent investigation," she added. "That's the only way we can have some confidence in it."fell more than 500 points , while S&P 500 and Nasdaq Composite futures fell more than 70 points and 200 points, respectively. Credit Suisse shares hit a new record low as well, losing almost a quarter of its value; other regional banks seeing sharp declines include First Republic, PacWest, and KeyBank.
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