Editorial: Don’t let incompetent bank executives derail the Fed’s inflation battle
Democratic U.S. Sen. Elizabeth Warren thinks she knows who to blame for the collapse of Silicon Valley Bank, and the financial fallout that followed.
The bank’s chief executive officer? Its board of directors?
They have some culpability, for sure. But the liberal senator from Massachusetts mostly delights in faulting Federal Reserve Chair Jerome Powell, who, she said in a tweet, “directly contributed” to the bank’s failure.
The political blame game over the banking industry’s latest belly flop is in full swing, with Democrats pointing the finger at Powell and his role in
