Trump’s attempt to control Fed ‘undermines America’, Elizabeth Warren warns

Senator condemned president’s bid to weaken central bank’s independence and examined Democrats’ future

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Democratic senator Elizabeth Warren said on Monday that Donald Trump’s attempts to control the Federal Reserve “undermines America all around the world” as she laid out a path for the future of the Democratic party focused on economic policies.

In remarks at the National Press Club in Washington DC, the Massachusetts senator, who chairs the Senate banking committee, decried the US president’s latest attempt to weaken the central bank’s independence after the Department of Justice opened a criminal investigation into its chair, Jerome Powell.

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Source: www.theguardian.com

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