US Senator Warren criticizes restructuring plan for regional Fed bank structure
( July 2, 2026, 18:10 GMT | Official Statement) -- MLex Summary: US Senator Elizabeth Warren wrote to Federal Reserve Governor Christopher Waller urging that he halt work on a proposal to “transform” the operational structure and governance of the Federal Reserve System’s 12 regional Reserve Banks. “I am concerned that your proposal, rather than a serious effort to reform the Federal Reserve System, may be designed to win approval from President Trump… Thus far, the regional Reserve Bank presidents have refused to submit to Trump’s wishes on monetary policy. Your efforts to diminish their power appear part of his plan to bring them to heel,” Warren wrote.Statement follows in full. Also see attached file. ...
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