Sen. Elizabeth Warren called for an independent investigation into the Federal Reserve and the banking regulatory system during an appearance on ABC's 'This Week' Sunday.
"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.Congress should also curb the ability of the Fed to weaken regulations, she added.
The CEOs of failed banks must also be held accountable, in order to ensure that their bonuses and salaries can be clawed back and that they are banned from banking in the future, Warren added.during an appearance Sunday on NBC's "Meet the Press," telling the program that the "Fed doesn't just get to investigate itself.""One is to deal with monetary policy, one is to deal with regulation. He has failed at both," she said.
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