Why Sen. Warren Can't Force the Fed to Remove Wells Fargo CEO

October 19, 2018
Updated 4mo ago
Senator Elizabeth Warren wants regulators to keep up the pressure on Wells Fargo.The Massachusetts Democrat has urged the Fed to keep the current asset cap of about $2 trillion in place until the bank replaces CEO Tim Sloan. Pete Schroeder, Financial Correspondent for Reuters explains why Sen. Warren can't technically make the Fed remove Wells Fargo CEO.