Truthout
Federal Reserve
![Then-President Donald Trump waves after introducing his nominee for the chairman of the Federal Reserve Jerome Powell during a press event in the Rose Garden at the White House, on November 2, 2017, in Washington, D.C.](https://truthout.org/app/uploads/2024/04/2024_0426-trump-powell-400x300.jpg)
WSJ Reports Trump Allies Drafting Plan to Give Him Control Over Fed If Reelected
Trump recently suggested the Fed's indication that interest rate cuts may be coming soon is a ploy to help Democrats.
![A vendor speaks to someone on the phone while seated next to large bags of produce for sale](https://truthout.org/app/uploads/2023/08/2023_0802-sri-lanka2-400x300.jpg)
Fed Reserve Rate Hikes May Set Stage for Financial Crises in Global South
Monetary policy to control inflation in the U.S. has significant impacts on poor and indebted nations.
![Former Treasury Secretary Larry Summers addresses a conference in the Astor Ballroom of the St. Regis Hotel on October 24, 2013, in Washington, D.C.](https://truthout.org/app/uploads/2023/06/2023_0601-larry-summers-400x300.jpg)
Why Is the Fed Seeking Advice From the Architect of Past Financial Meltdowns?
Fed Chair Jerome Powell has been looking to disaster-prone ex-Treasury head Larry Summers for insight, emails reveal.
![Looking up at buildings and hand of statue on Wall Street](https://truthout.org/app/uploads/2023/04/2023_0425-wall-street-400x300.jpg)
Regulation Won’t End Bank Crises. We Must Put Shadow Banks Under Public Control.
Regulations designed by banks to shield their interests will never be enough to halt banking crises, an economist warns.
![The SVB Private logo is displayed outside of a Silicon Valley Bank branch in Santa Monica, California on March 20, 2023.](https://truthout.org/app/uploads/2023/04/GettyImages-1248916306-400x300.jpg)
Amid New Banking Crisis, It’s Time to Change the Rules of the Game
Banks have shown time and again that “self-regulation” doesn't work. We must seriously consider the alternatives.
![Chairman Bernie Sanders talks with reporters before the Senate Health, Education, Labor and Pensions Committee hearing titled “Community Health Centers: Saving Lives, Saving Money,” on Thursday, March 2, 2023.](https://truthout.org/app/uploads/2023/03/2023_03-23-bernie-sanders-hearing-400x300.jpg)
Sanders Introduces Bill to Stop Bank CEOs From Serving as Fed Bank Regulators
The CEO of Silicon Valley Bank was a member of the San Francisco Fed board up until the day his bank collapsed.
![A man walks by Silicon Valley Bank](https://truthout.org/app/uploads/2023/03/2023_0322-svb-bank-400x300.jpg)
Three Banks Have Now Collapsed. A Progressive Economist Explains Why.
There is a banking crisis underway and the problems are spreading, says Gerald Epstein.
![Sen. Elizabeth Warren speaks during a hearing on Capitol Hill in Washington, D.C., on March 16, 2023.](https://truthout.org/app/uploads/2023/03/2023_0320-elizabeth-warren-400x300.jpg)
Warren Says Trump-Picked Jerome Powell Has “Failed” as Chair of Federal Reserve
“He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both.”
![Federal Reserve Chair Jerome Powell arrives to a hearing with the House Committee on Financial Services on Capitol Hill on March 8, 2023, in Washington, D.C.](https://truthout.org/app/uploads/2023/03/2023_0314-jerome-powell-400x300.jpg)
Warren: Jerome Powell Should Recuse Himself From Bank Probe for Role in Failure
The Silicon Valley Bank failure was caused in part by deregulation pushed by Powell, Warren says.
![Sen. Bernie Sanders speaks during a hearing on Capitol Hill on March 9, 2023, in Washington, D.C.](https://truthout.org/app/uploads/2023/03/2023_0313-bernie-sanders-400x300.jpg)
Following Bank Collapses, Sanders Calls for Repeal of Trump-Era Deregulation
We can’t pursue more socialism for the rich and “rugged individualism” for everyone else, Sanders said.