Wall Street critic Elizabeth Warren could be at the height of her power in new Congress
DEMOCRATIC progressive and one-time presidential candidate Elizabeth Warren has long been a vocal Wall Street critic, but next year the US senator from Massachusetts will likely have more power over the industry than ever before.
Democratic progressive Elizabeth Warren, a one-time presidential candidate, is poised to wield significant influence over Wall Street in the upcoming Congress. As the top Democrat on the Senate Banking Committee, Warren is expected to assume the chairmanship next year, granting her greater authority to investigate financial institutions and enact legislation.
She has a history of scrutinizing big banks and consumer lenders, accusing them of exploiting consumers. Warren is likely to investigate the approval of a bank charter for Trump-backed World Liberty Financial and the administration's mass firings at financial agencies. Despite her left-leaning stance, Warren is expected to pursue policies with bipartisan support, particularly in affordability issues.
She has previously worked with Republicans on artificial intelligence-linked export controls. Warren has expressed willingness to cooperate with Republicans who prioritize the interests of the American people.
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