Yahoo Finance: Elizabeth Warren: Jerome Powell has the same attitude as the Fed going into the 2008 crash
On Tuesday, following the remarks of Trump's Federal Reserve Chair nominee Jerome Powell, Sen. Elizabeth Warren (D-MA) told Yahoo Finance that Powell's testimony reminded her of the run up to the financial crisis.
"Jerome Powell talked about how he wanted to roll back regulations," Warren told Yahoo Finance on the Final Round. But, Warren said, when he was asked whether there was a single area where the Fed could stand to exert tighter restrictions, he said no.
"It was exactly that attitude at the Fed in the run up in the crash in 2008," she said. "The Fed had a lot of tools they could have intervened, but they sat there on their hands and said, ‘Let the market go forward.'"
Read more on the Yahoo Finance website here.
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