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Senate control shift may bolster Fed independence, Warren set for banking panel

NewsFeeds update

President Trump's efforts to reshape the Federal Reserve hit a major obstacle after Democrats won Senate control, which would block loyalist appointments to the seven-member board. Elizabeth Warren is expected to chair the Senate Banking Committee and block nominees seen as too subservient to the executive.

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The story so far: Elizabeth Warren to chair Senate Banking panel

After Democrats won Senate control, Elizabeth Warren is expected to chair the Senate Banking Committee and block Fed nominees seen as too subservient to the executive. The WSJ reports she will take the gavel in January and step up oversight of digital-asset firms and prediction markets. She may also probe the OCC's…

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  1. Senate control shift may bolster Fed independence, Warren set for banking panel

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