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Warren goes to bat for Powell amid Trump criticism

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17.07.2025

Massachusetts Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, offered support Wednesday for Federal Reserve Chair Jerome Powell, whose policies she frequently criticizes.

President Trump has gone back and forth this week on whether he wants to oust Powell before his term leading the nation's central bank ends next year — which would be an unprecedented move from the executive branch.

Trump said Wednesday it was “highly unlikely” that he would fire the Fed chair, “unless he has to leave [for] fraud," a reference to criticisms

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