Political fallout in the US from the collapse of Silicon Valley Bank continued on Sunday when leftwing Senator Elizabeth Warren hit the morning talkshows and repeatedly called for an independent investigation into US bank failures and strongly criticised Federal Reserve finance officials.
The progressive Democrat from Massachusetts, who has positioned herself as a consumer protection advocate and trenchant critic of the US banking system, told CBS’s Face the Nation that she did not have faith in the San Francisco Federal Reserve president, Mary Daly, or the Fed chairman, Jerome Powell.
