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MNI BRIEF: Sen. Warren Strongly Opposes Powell Renomination

MNI (Washington)
(MNI) Washington

Democrat senator opposed to Fed Chair renomination

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U.S. Senator Elizabeth Warren has on Tuesday strongly opposed Fed Chair Jerome Powell's renomination, saying he has weakened financial regulations during his tenure.

"Your record gives me gave concern," she said during a hearing. "Over and over, you have acted to make our banking system less safe and that makes you a dangerous man to head up the Fed. And it's why I will oppose your renomination."