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Sen. Elizabeth Warren urged the Federal Reserve's top official to support rulemaking that would restrict incentive-based pay for executives at big banks, a long-overdue policy change that Congress required in the 2010 Dodd-Frank Act. https://t.co/Y557SR1PVP
WARREN CRITICIZES POWELL OVER COMPENSATION FOR BANK EXECUTIVES
Fed Chair Jerome #Powell ‘solely responsible’ for delays on banker compensation reform: Senator Elizabeth Warren
Senator Elizabeth Warren has criticized Federal Reserve Chair Jerome Powell for delays in implementing banker compensation reform. In a recent interview with CNN earlier this week, Warren stated that Powell is 'solely responsible' for the holdup. She urged the Federal Reserve to support rulemaking that would restrict incentive-based pay for executives at big banks, a long-overdue policy mandated by the 2010 Dodd-Frank Act.