This pandemic will not be over for us until it is over for everyone, and our economy will not fully recover until other countries are back on their feet as well.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
He is demonstrating a leadership that we have been waiting for, and Treasury has a really important role to play here, including engaging with our allies.
Our financial system has been rigged for a long time to help the wealthy and the well-connected.
Now it is no surprise that the Trump administration blocked efforts to issue new SDRs, withholding a critical tool that would help support a global pandemic response.
I support an independent audit of Puerto Rico's debt so that the Federal government and the public can understand the size of the island's debt.
Will you commit to using FSOC authorities to address economic inequality, including by recommending more regulatory scrutiny of private equity funds?
Our goal for the months and years ahead cannot be to simply return to the economy of January 2020.
The Federal Reserve has considerable expertise in understanding the impact of severe weather events, ranging from economic forecasting, to financial stability monitoring, to prudential supervision, to continuity of operations.
Economic research to understand the specific transmission channels between climate-related risks and the financial system is essential to understanding the impact of those risks on the Federal Reserve's mission.
Extreme wealth inequality undermines our economy, as you have said. It undermines justice. It undermines our democracy.
You have talked a lot about how inequality undermines opportunity and mobility, and you have described it as something that holds our economy back.
It is time for a wealth tax in America, a 2-cent tax on fortunes worth more than $50 million.
I think you were just talking about it. You know, the top 1 percent of families last year received 20 percent of all the income in this country, and you think that is not good for our economic growth overall.
If your fortune is over a billion, pay a few more cents. This wealth tax will let us address the inequality that you have been very worried about as Chair of the Federal Reserve.
Inequality is felt not just in income. It is also felt in wealth even more so, and that our tax structure makes that inequality worse over time.
So our economy is suffering through a K-shaped recovery where the wealthy are doing better and better while working people are doing worse and worse.
The Federal Reserve can ensure that the biggest banks use their capital to invest in their workers and lend in their communities.
It's always the same story--when the biggest banks and the largest corporations need help, their allies in Washington spring into action.
They call me `essential,' but I feel expendable. They don't pay me much, they don't protect me at work.





