All articles tagged with #federal reserve system
A bipartisan group of former Fed chairs and top officials publicly rebuke the Justice Department's investigation into Fed Chair Jerome Powell, warning the move could threaten the central bank's independence, as financial markets digested the news with stocks wavering and the dollar slipping.
Senator Elizabeth Warren has called for an investigation into the Federal Reserve System over weakened regulatory processes that led to the collapse of Silicon Valley Bank and Signature Bank. Warren demanded better regulations of the country’s banking system and the reversal of the weakened oversight system. She also called for CEOs to be held accountable and forfeit the bonuses and large salaries seen in the wake of the bill’s passing, while adding that criminal charges stemming from a Department of Justice investigation were possible. The FDIC said it would step in to guarantee deposits lost in the implosions, in what some say has amounted to a bailout.