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Senator Warren says Fed chair ‘has to recuse himself’ from reviewing regulatory failures

Speaking to reporters in Washington D.C. on March 15, Warren said Powell had led “the de-regulatory movement” at the Fed potentially touching upon some of the conditions that had led to the collapse of Silicon Valley Bank. The Fed chair called for a “thorough, transparent, and swift review” of its activities on March 13 following the bank’s shutdown by the California Department of Financial Protection and Innovation.

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Source: Cryptocurrency - investing.com

FirstFT: Credit Suisse gets liquidity offer from Swiss central bank

After SVB Collapse, Fed and Lawmakers Eye Bank Rules