So let me just get this straight. Two-thirds of the people that oversee each of the Reserve banks, and hand-pick the leadership, are elected by the very same banks that are regulated by the Reserve bank, and three of those people actually work at the bank, right? That is how this works.
Elizabeth Warren: “So let me just get this straight. Two-thirds of the people that oversee each of the Reserve banks, and hand-pick the…”
On the recordMay 17, 2023
Source
congress.govEditor's note · Context
Warren highlights conflicts of interest in Reserve bank leadership appointments.
Share
More from Elizabeth Warren
Oct 8, 2026
The nurses at Brigham and Women’s Hospital have demonstrated their willingness to continue negotiating with Mass General Brigham leadership to arrive at an agreement that works for nurses, patients, and our hospitals.
Oct 7, 2026
Given the risks that increasingly capable frontier models pose to our national security and Americans’ public safety, the American people deserve strong guardrails set by their democratically elected officials, not a toothless framework…
Oct 7, 2026
The Administration must stop putting industry profits over the interests of the American people.





