According to Sen. Warren Mr. Powell is favoring the really big banks--taking a big windfall from letting laissez-faire be the ultimate governing oversight rule for them. "You should know a bank is safe," says Senator Warren. But the big banks offer a wealth of quick fast opportunities to make a killing--as I get her meaning to their overall administrative trickery.
Nevertheless, President Biden seems to give Powell a vote of confidence as Chairman of the Fed.
Sen. Warren implies she is going to build a coalition of senators in Congress to give him--Mr. Powell--a vote of no confidence. I hope she knows how to proceed!
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