Sen. Elizabeth Warren (D-MA) said on CNN’s “The Lead” on Wednesday that Federal Reserve Chairman Jerome Powell should be removed from office because he is “trying to drive” the US economy into a recession.
During a discussion of Powell’s interest rate hike, presenter Jake Tapper asked, “Have you ever directly told President Biden that you think he should fire the President, Jerome Powell? And who would you like to see replace him?
Warren said: ‘So I’m not going to talk about private conversations, but what I will say is I’ve made it very clear as publicly as humanly possible that I don’t think it should be reconfirmed as Fed Chairman. And I think he does a really terrible job.
Tapper asked, “Do you think the United States is heading into a recession?”
Warren said, “I think that’s where Jerome Powell is trying to lead him.”
Tapper said, “You think he’s deliberately trying to drive it into a recession?”
Warren said, “Well, what he’s trying to do is get two million people fired. And one of the things we have to understand is that he wants to increase the unemployment rate by more than one point in a single 12 month period. We have already done that in this country. In fact, we’ve done it 12 times before. And about 12 times. How many times has this resulted in a recession? The answer is 12.
She added: “That’s the direction he’s trying to push this. It is a danger to our economy. That’s why I said five years ago that I think he’s a dangerous man to have in this job.
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