Senator Warren Grills Fed Chair Powell on Bank Regulations
US Senator Elizabeth Warren, a Massachusetts Democrat, grills Federal Reserve Chair Jerome Powell about bank regulations during Powell's semiannual testimony before the US Senate Banking and Housing Committee.
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Пікірлер: 117
"I doubt that" My man Powell clapping back LOL
@prolific1518
Ай бұрын
He was 100% wrong
@jcarle1001
22 күн бұрын
Clapback nothing, he was lying.
I watched this live Senator Warren made several attempts to put words in Jerome Powell's mouth... Again... It's been 4 years of her doing this... She left immediately following.... and wasn't present prior to this...
Finally, someone pushes him instead of licking his boots. These banks need to be reigned in.
Useless politician performing
@kurtphilly
Ай бұрын
She is doing her job. She is a politician.
@royprovins7037
Ай бұрын
Banks don't have the best reputation
@christiancoronado
Ай бұрын
@royprovins7037 Warren only cares abt keeping her sit
@peterdangelo5882
Ай бұрын
Dog and pony show - she is useless. Talks a lot - executive pay??? Economy is going burn down soon and she wants to trim pay - idiot. She had a famous quote about how the people who broke our system in 2007 and had to be held responsible. NONE of them were EVER held accountable
She didn’t get her campaign contributions yet ? She needs another beer .
He does work for the banks. That’s where she’s wrong
@timx9661
Ай бұрын
He works for Congress actually.
@Anonymous1038HI
Ай бұрын
@@timx9661 The federal reserve is a consortium of banks and as federal as fedex. Powell is not elected by the people and the circus which claims before the public that the president has any say in picking the chairman is just smoke and mirrors. The banks could hike interest rates to 30 percent tomorrow if they wished to.
@brent4073
Ай бұрын
Technically he works for the bank's "bank"..
@hcab8118
Ай бұрын
No
@jallen1227
Ай бұрын
Isn't Pocahantas virtually always wrong ?
Who voted for this woman actually?
@ZaneofAustin
Ай бұрын
I'll do it again, cause she's right and she will bring the fire to deal with the problem. Get ready.
I am bit confused if sentator Warren is Progressive or Democrats, I know Sn Warren is tackling the Issue with SVB and Banking Sector. However if Banks takes risk its not your Warren problem, the real problem is cash flow of bank incase of run out on banks. This classic Democrat move implenting a policy that does not tackle the real issue and leaving its for imminent collapse.
@harysuwanda2529
Ай бұрын
Yes, 100% agree. She was trying to put blames on the Trump's Executive Orders allowing regional banks with asset below 250B, to bypass Dodd-Frank act. Well, if she wanted to create a new regulations for the banks, why don't ask the current administration to create one?
I don’t understand. What can the fed do here? Does she understand monetary policy?
@peterdangelo5882
Ай бұрын
Another blue state clown who sounds great, but gets nothing done.
@ZaneofAustin
Ай бұрын
She's doing everything she can, she's holding this person accountable. Now we need TO STOP ELECTING REPUBLICANS that protect these actual clowns.
@jallen1227
Ай бұрын
@@ZaneofAustin Sorry, Pocahantas has always been a clown not producing anything for the last decade plus
this was awesome finnaly someone to put powell in his place
Does Elizabeth Warren know how banks and the financial markets even work?
@lserranov
Ай бұрын
Do you?
@HS-lt8eu
Ай бұрын
She was visiting professor at Harvard Law school teaching bankruptcy law. Her line of questioning is aimed at how do you fix the incentive structure of CEO pays to discourage taking such a risk that would harm the economy and then need another taxpayer bail out. After 6 years what has been implemented by the bank regulators and do you Chair Powell see the desired effect? Both are 999999x richer than I am, both have history I do not know and cannot vouch for. But I would appreciate a straight answer from Chair Powell. Maybe he can straight up say enforcing any restrictions on CEO pay can make me very unpopular with my CEO friends.
How can she define "risk taking"? A bank takes risk by default. Also, why private banks, including the Fed, have obligations to take care of the public?? If she feels some bank practices jeopardize the public interest, it's the congress's job to regulate it.
@royprovins7037
Ай бұрын
Banks have turned into hedge funds. Wrong
Good for Senator Warren...call on these banks and Federal Chairman.
Powell is absolutely horrible. That position should be ran by someone like Liz Warren or Katie Porter.
She is so emotional...
@Akira282
Ай бұрын
@@yr6178 she knows she's on camera
@sv3sbp
20 күн бұрын
It's just funny that people call her emotional for doing her job and I had no idea that there are a bunch of billionaires in the KZread comment section. Morons voting against their own interests.
I'm not a fan of Sen Warren -- but she's right on quite a few things -- and on almost everything related to banks
@nickvin7447
Ай бұрын
No, she really isn't. She cannot even quote Powell properly.
@wasabiflavoredcocaine
Ай бұрын
She isnt correct about anything. Even her ethnicity
@prolific1518
Ай бұрын
@@nickvin7447 she is correct. You're bootlicking a banker.
i think i. hate powell and warren equally.
Love Senator Warren… she is relentless in trying to do the right thing by the American People! 🙏🙏🙏
Can't even stand a few seconds of this video. This is post-menopause in action.
Love Jay Powell
Was thst a Demon to the right of her? ...
Unlike Warren, whatever Powell say makes sense
Powell has no idea what he's doing
This country was better when regulation was normal.
This is what makes US a great nation. You need check and balances. The administration just cannot do what it wants.
It appears, Senator Warren is not a “ drinking buddy” with Chairman Powell , is she? What she was saying that if banks executives risk a lot of money 💴 , and lose they should be responsible for it and get their bonuses cut! It make sense. In normal circumstances, if employees are doing poorly then no bonuses are required? She is asking Chairman Powell to put in regulations to monitor big bank executives bonuses and their risky assets return? Basically, Senator Warren wants accountability, does she?
He works for bankers not people Fed is a private bank
Cranky old bird.
She's not asking questions for Powell to answer - she's answering the questions she's asking of him herself. And her drama is out of control.
Does anyone even care what she says anymore?
@lserranov
Ай бұрын
I do
@Sawubona2007
Ай бұрын
@@lserranov good luck
@lserranov
Ай бұрын
@@Sawubona2007 if you don't care why you even watching the video?
@Sawubona2007
Ай бұрын
@@lserranov I'm in the minority of people that somewhat care
Careful or he won’t cur rates anymore like Wall Street wanted it so badly
John Deaton
idiots in the comments calling this performative or "blue state antics" are so dumb. We're ALL affected by reckless banks. She's doing the right thing right now. Regardless of ur politcial views, as a citizen you can praise this short clip.
Deny everything Jerome
So when is USA going back to the gold standard, so that the money can no longer be printed out of thin air and there is macro accountability
@lserranov
Ай бұрын
I guess never
What is this circus
OK Pocahantas
@jcarle1001
22 күн бұрын
You can't even add 2 + 2 but you think you got the economy figured out cuz trump told you to use a racist name like pocahontas for Warren. Warren was a professor, at Harvard while you was cleaning urinal cakes at your local fast food restaurant.
I am for regulation, but her premise has no substance. Also, Powell is not the enemy.
Get corrupt Warren out of office in November. Support John Deaton!!!!
Jaja the clown show continues
Gosh Liz Warren has to go
The Creature From Jekyll Island is a must read for anyone that wants to understand why we must.... END THE FED.
Clowns😆🌚
Poor Liz. Hasn’t seen the ball since the kickoff. Repulsive hypocrite.
This women is really a wasted life
Ms karren has no clue where to connect the dots. Pulling question outa er bumm
Pocahontas at it again
😮😮😮😮
I’m not for big banks but banks need the risky behavior in order to capture large profits. They need to be smart about the risk not stupid like SVB, but regardless risk on. If they are taking risk of course large bonuses will come. Who’s going to work hard af and take a lot of risk and not pay themselves more when it goes well…? That’s capitalism and it’s acceptable. But I get where she’s coming from.
@prolific1518
Ай бұрын
No they don't. That's why they have regulation. People like Jerome Powell decide not to do his job and people support it.
Dude is on it 💪
BRING BACK CHECKS & BALANCES! OR RISK DESTROYING EVERYTHING THAT WE STAND FOR!