Sen. Elizabeth Warren Says Fed Suffers From ‘Culture of Corruption’

Sen. Elizabeth Warren (D., Mass.) ramped up her rhetorical attacks on Federal Reserve Chairman Jerome Powell on Tuesday, lamenting what she called a “culture of corruption” at the central bank.

Mr. Powell has “failed as a leader,” Ms. Warren said, adding, “Our nation needs leaders who are willing to set and enforce strong ethics standards and who act swiftly when a problem arises,” and in her view, Mr. Powell hasn’t done that.