Warren calls for Fed chair's recusal in regulatory review.
Senator Elizabeth Warren has called on Federal Reserve Chair Jerome Powell to recuse himself from an internal probe at the Federal Reserve, citing his leadership of the "de-regulatory movement" at the Fed. The probe is examining the Fed's supervision and regulation of Silicon Valley Bank, which was shut down by the California Department of Financial Protection and Innovation. Michael Barr will lead an independent investigation, with the results to be released on May 1. The US Department of Justice and the US Securities and Exchange Commission have also reportedly announced their own probes related to some of the bank's executives selling stock in the weeks leading up to the closure.