- Senator Elizabeth Warren, a frequent critic of Jerome Powell, warned that President Trump’s efforts to undermine the Fed’s independence risk long-term damage to markets and the economy. Warren added that the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
If you were to write a list of enthusiasts for Federal Reserve chairman Jerome Powell, Senator Elizabeth Warren’s name wouldn’t be at the top.
