"Warren stated, 'His big plan here is to take over the Fed and then create enough chaos around the Fed and try to juice the economy to carry him past the elections in November.' She expressed concern about the long-term implications for families if Trump gains control over the Fed."
"Warren emphasized, 'If he's able to push her out the door, that gives him four, and that gives him complete control.' This statement reflects her fears regarding Trump's influence over the Federal Reserve and its potential impact on the economy."
Elizabeth Warren has expressed her opposition to President Trump's nominee for the Federal Reserve, Kevin Warsh, ahead of the Senate Banking Committee's vote. The committee approved Warsh's nomination along party lines. Warren believes Trump's actions are aimed at controlling the Fed to manipulate the economy for electoral gain. She highlights rising costs in essential goods and worries about the long-term economic damage if Trump gains more influence over the Fed. Warsh claims he would act independently, but Warren fears Trump's potential control over the Fed could worsen economic conditions.
Read at www.npr.org
Unable to calculate read time
Collection
[
|
...
]