Warren Calls for Powell's Recusal in Bank Reviews

Democratic Senator Elizabeth Warren has blamed Federal Reserve Chair Jerome Powell for recent bank collapses and demanded that he recuse himself from an internal review. The Fed is reviewing its oversight of Silicon Valley Bank, which collapsed last week, and Warren says Powell's actions directly contributed to the bank failures. She argues that watering down financial regulations has contributed to the problem and that stronger oversight would have prevented the collapses. Financial markets have been in turmoil since the collapses, with regulators taking emergency measures to shore up confidence in the banking system.