Senator Elizabeth Warren

So let me start with the distinction here, because I have.

I've gone after Jerome Powell.

I mean, I just want to make clear, I'm out there defending the independence of the Fed when Donald Trump said he was going to

fired Jerome Powell.

I stood up and said, you cannot fire Jerome Powell.

Can we just make clear here?

I voted against him.

I spoke against him.

I can give you multiple reasons why I do not like him as the chairman of the Fed, but he retains his independence.

So here's the deal.

Independence doesn't mean they just get to hoop off and do anything they want.

It means they are supposed to be focused on the economy and what the economic numbers tell them is best.

Well, dual mandate.

That's right.

Employment and inflation.

Employment and inflation.

You've got it 100 percent right.

In addition to that, they also do regulatory oversight of the giant banks.

So that is what he's supposed to do.

What my job is, I am now the ranking member on the Senate Banking Committee, is to push him back on the numbers, to say to him, as I did two years ago, loudly, hey, the direction on inflation is down.