Sen. Elizabeth Warren (D-Mass.) said Sunday that Jerome Powell should no longer be chairman of the Federal Reserve following the collapse of two US banks under his supervision earlier this month. Warren, who has been critical of Powell for years, most recently over his decision to keep raising interest rates to curb inflation, said he … Read more
The headquarters of the Federal Deposit Insurance Corp. (FDIC) in Washington, DC, USA, on Monday, March 13, 2023. Al Drago | Bloomberg | Getty Images Four prominent U.S. banking lawmakers said Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis characterized by the outflow … Read more
Washington — Senator Elizabeth Warren of Massachusetts said Sunday that a Congressional proposal to make the Federal Deposit Insurance Corporation’s (FDIC) insurance ceiling of the current limit of $250,000 is an option that “should be on the table now” as lawmakers debate how to respond to the rapid collapse of two banks earlier this month. … Read more
