QUORUMCALL//GPT:
FEDERAL RESERVE UNDER FIRE
– Senator Elizabeth Warren criticized Federal Reserve Chair Jerome Powell for failing to act on excessive bank executive pay, arguing that the regulatory body is not doing enough to prevent a repeat of the 2008 financial crisis.
POLITICAL PRESSURE ON BANK REGULATION
– Warren criticized the lack of regulatory action in a Senate Banking Committee hearing, stating that the Fed has the power to intervene, but has chosen not to.
– She argued that the lack of action on executive pay, alongside other deregulatory moves, puts the economy at risk.
TOPICS COVERED
#FederalReserve #BankRegulation #ExecutivePay
NOTE
This article is from Law360, a trusted source for legal news and analysis. The outlet provides in-depth coverage of public policy, litigation, and corporate deals, often presenting complex legal issues in a digestible format.
