Democratic Senator Elizabeth Warren of the United States said on Tuesday that the chairman of the Federal Reserve (Fed, the US central bank), Jerome Powell, “failed as a leader.” She addressed the issue a day after asking for a formal investigation into the personal investments of senior Fed officials and whether they violated insider trading rules.
Warren said it was necessary to have a “quick, aggressive” response after the question arose, which Lawmaker Powell said she failed to do.
She had previously criticized the Fed leader for what she saw as a lack of attention to the issues of her subordinates at the central bank.
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