The Federal Reserve must not seem and must not be supervised by itself.
Did they violate the rules? Yes, they violate the rules.
I have introduced a bill to repeal Title IV of S. 2155, which would undo the Fed's deregulation of the biggest banks.
Chair Powell sold between $1 and $5 million worth of stock at the beginning of October 2020.
the Fed should have used its authority to apply stronger rules to banks with more than $100 billion in assets.
It is past time for us to remove private bankers from this public role.
So it sounds like to me that this is clearly a case of the fox guarding the henhouse all the way through the system here.
This is not strong oversight. In fact, it is not even competent oversight.
I warned about in 2018 when I opposed Powell's nomination as Fed Chair and again in 2021 when I said that he was a dangerous man to keep at ...
I've got an idea--a bipartisan idea that I'm introducing with Sen. Rick Scott today: get the big bankers off the Reserve Banks boards of dir...