responsibility that republicans and democrats should share, that it s something that both parties should do together. it s a housekeeping matter, doing what s necessary to pay our bills. i have confidence it will get done, but i will leave it to the speaker and to leader schumer to figure out what the best way is forward on that. lastly, madam secretary, i asked senator elizabeth warren a few days ago about why she opposes renominating fed chair jerome powell. she calls him a dangerous man. take a listen. if he reappoints powell, will you fight it? will you filibuster it? will you stop it? i will oppose it and use the tools i ve got. i don t want to make another five-year bet on someone whose entire attitude is that he s not going to work to rein in the giant financial institutions. bloomberg reports that you privately support renominating fed chair powell for another term. is that true?
should do together. it s a housekeeping matter, doing what s necessary to pay our bills. i have confidence it will get done, but i will leave it to the speaker and to leader schumer to figure out what the best way is forward on that. lastly, madam secretary, i asked senator elizabeth warren a few days ago about why she opposed renominating fed chair jerome powell. she calls him a dangerous man. take a listen. if he reappoints powell, will you fight it? will you stop it? i will oppose it and use the tools i ve got. i don t want to make another five-year bet on someone whose entire attitude is that he s not going to work to rein in the giant financial institutions. bloomberg reports that you privately support renominating fed chair powell for another term. is that true? do you support the renomination
reappointment when his current tenure ends in february. president biden has not yet made a decision public, but if he reappoints powell, will you fight it? will you filibuster it? i will oppose it and i ll use the tools i ve got. look, here s the problem. we need a fed chair who does two things. good on monetary policy, when it raise interest rates and so on, and also good on regulation of the giant financial institutions. remember the ones that brought down our entire system. yeah, i recall. back in 2008. and chair powell on regulation, i asked him literally when he came through when he was nominated for chair by donald trump, is there a single regulation in all the regulations that have been put out there, and these banks have grown and they ve gotten bigger and taken on more activities. single regulation, you might want to tighten just a little bit. and his answer was, no, can t think of a one. in the time he s been chair, he