Senator Warren Demands Fed Governor Waller Stop Reserve Bank Overhaul on July 2

According to Jin10, on July 2, U.S. Senator Elizabeth Warren urged Federal Reserve Governor Christopher Waller to cease his comprehensive reform plan for the Federal Reserve's 12 regional banks. Warren stated that Waller's proposal appears to conflict with federal law and could undermine the Fed's independence. Warren said: "This looks less like a serious Federal Reserve reform proposal and more like a carefully calibrated effort to please President Trump, who wants more power over regional bank presidents. I demand you immediately stop advancing this proposal and provide Congress with more information."
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