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Chicago Tribune
Chicago Tribune
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Chicago Tribune Editorial Board

Editorial: Don’t let incompetent bank executives derail the Fed’s inflation battle

Democratic U.S. Sen. Elizabeth Warren thinks she knows who to blame for the collapse of Silicon Valley Bank, and the financial fallout that followed.

The bank’s chief executive officer? Its board of directors?

They have some culpability, for sure. But the liberal senator from Massachusetts mostly delights in faulting Federal Reserve Chair Jerome Powell, who, she said in a tweet, “directly contributed” to the bank’s failure.

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