Earlier this week, Reps. Alexandria Ocasio-Cortez (D-N.Y), Rashida Tlaib (D-Mich.) and Ayanna Pressley (D-Mass.), all of whom sit on the Home Monetary Providers Committee, referred to as for Biden to nominate a brand new Fed chair. In a statement, which was first reported by Politico, the lawmakers stated that beneath Powell, the Fed “has taken little or no motion to mitigate the chance local weather change poses to our monetary system.” Additionally they stated the Fed “has considerably weakened most of the reforms enacted within the wake of the Nice Recession,” together with these regulating the most important banks.
