HuffPost: Elizabeth Warren Warns Trump Nominee: Hands Off The Fed

The soon-to-be top Democrat on the Senate Banking Committee cautioned Scott Bessent, Donald Trump’s pick to be the next treasury secretary, to respect the Federal Reserve’s policy independence.

“I have been a fierce critic of Fed Chair Jerome Powell’s extreme interest rate hikes and lack of transparency, but I have never questioned that it is his job to make those decisions. It would be a serious error for the Trump administration to interfere with the Fed’s independence, as Mr. Bessent has suggested,” Sen. Elizabeth Warren (D-Mass.) said in a statement Monday.

Warren will succeed Sen. Sherrod Brown (D-Ohio) as the leader of the Democrats on the panel in the new Congress that will be seated in early January. Unlike Brown, she’ll be in the minority in the new Congress, which will see Republicans hold 53 seats.

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