Senator Elizabeth Warren (D-Mass.) called for an independent investigation into the Federal Reserve and the banking regulatory system during an appearance on ABC’s “This Week” on Sunday.
Why it matters: The banking sector is poised to head into a third week of existential questions and whipsaw volatility, despite official efforts to stabilize markets and reassure depositors, Axios’ Pete Gannon writes.
The fates of Silicon Valley Bank and Credit Suisse remain up in the air.
State of play: “I’m calling for an independent investigation of the Fed and the whole regulatory system here. The fed doesn’t just get to do its own investigation,” Warren told the program.
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