Senator condemned president’s bid to weaken central bank’s independence and examined Democrats’ future
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Democratic senator Elizabeth Warren said on Monday that Donald Trump’s attempts to control the Federal Reserve “undermines America all around the world” as she laid out a path for the future of the Democratic party focused on economic policies.
In remarks at the National Press Club in Washington DC, the Massachusetts senator, who chairs the Senate banking committee, decried the US president’s latest attempt to weaken the central bank’s independence after the Department of Justice opened a criminal investigation into its chair, Jerome Powell.
About Trump, Warren said: “He’s saying, ‘I want to put my hands on the dials on monetary policy,’ and Jerome Powell and some of the Fed have resisted him and have said, very calmly, that they’re going to continue to look at the economic data and make decisions based on what the economic data says.
