President Joe Biden said that he has confidence in Federal Reserve Chair Jerome Powell, speaking hours after fellow Democrat Elizabeth Warren assailed the central bank and its leader on the floor of the Senate and in multiple televised interviews Tuesday.
“Well, thus far yes, but I’m just catching up to some of these assertions,” Biden said on a visit to Michigan when asked by a reporter about confidence in the Fed’s integrity and in Powell.
Warren said in a Senate floor speech Tuesday morning that Powell had “failed as a leader” following revelations that top Fed officials have been actively trading