US Senator Calls for Independent Investigation of the Federal Reserve: Both Efforts Failed

On March 20th, according to a report in the U.S. “Capitol Hill” on March 19th, U.S. Senator Elizabeth Warren of Massachusetts severely criticized Federal Reserve Chairman Powell’s regulatory failure in a television program, calling for an investigation of the Federal Reserve and the entire regulatory system. Warren stated in an interview that Powell should not lead the central banking system in the United States, as his work on both monetary policy and bank regulation has failed. Warren also said, ‘I don’t think he should raise interest rates. I have always believed that he should not do anything by taking extreme interest rate measures.’. The Federal Reserve does not just need to conduct its own investigations. I call for independent investigations of the Federal Reserve and the entire regulatory system. According to the report, Warren has repeatedly stated that with two consecutive bank crises in the past two weeks, a potential financial crisis is approaching, and she called for continued strengthening of bank supervision. (Overseas Network)

Interpretation of this information:

US Senator Elizabeth Warren of Massachusetts has criticized the regulatory failure of Federal Reserve Chairman Powell in a recent television interview, calling for an investigation of the entire regulatory system. Warren believes that Powell’s leadership is not suitable for the central banking system in the US, citing his failure in both monetary policy and bank regulation. She also expressed her disapproval for Powell’s interest rate policies and called for independent investigations of the Federal Reserve and the entire regulatory system. Warren has repeatedly expressed her concerns about potential financial crises and emphasized the need for continued strengthening of bank supervision.