Statement from Senator Warren on the Federal Reserve’s Reported 30% Staff Cuts on Supervisory and Regulatory Team

Washington, DC – Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of Senate Committee on Banking, Housing, and Urban Affairs, released the following statement on reported 30% staff cuts at the Federal Reserve’s supervision and regulatory team:

“Here we go again. The Federal Reserve is recycling its pre-2008 financial crisis playbook. The agency is now gutting its supervision and regulation staff, while granting big banks their deregulatory wish list. The Fed is actively undermining American financial stability at a moment when Donald Trump is taking a wrecking ball to our economy. We all know what happened the last time we let Wall Street run rampant, and I’m deeply concerned American families will pay the price once again.

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