Source: The American Prospect
by David Dayen
“Wall Street lobbyists made a huge push to block Sen. Elizabeth Warren’s (D-MA) takeover of the top Democratic slot on the Senate Banking Committee, but it did not succeed. Warren will take that position in January. ‘I’ve spent my entire career fighting to make our economy work better for middle-class families — not just for the wealthy and well-connected,’ Warren said in a statement. ‘Decisions made by the Senate Committee on Banking, Housing, and Urban Affairs have a powerful impact on Americans’ lives, and I’m grateful for the opportunity to fight for families who most need a government on their side.’ Some big hitters tried to prevent this reality, including one of the chief objects of Senate Banking Committee oversight: Federal Reserve chair Jerome Powell.” (11/13/24)
https://prospect.org/politics/2024-11-13-fed-chair-powell-failed-bid-undercut-elizabeth-warren/