Senator Tim Scott Criticizes Jerome Powell for Staying on Federal Reserve Board
Senator Tim Scott has criticized Federal Reserve Chair Jerome Powell for remaining on the Fed's board after his term ends, calling it a 'significant mistake' and a break from precedent. The Senate is expected to vote on Powell's successor, Kevin Warsh, soon. Powell's continued tenure delays Trump's ability to secure a majority on the board.
Topics: Federal Reserve Jerome Powell Kevin Warsh Regulatory Leadership Senate Banking Committee