(Drew Angerer/Getty Images)Jerome “Jay” Powell, President Trump's nominee to lead the Federal Reserve, told senators Tuesday that he thinks regulations on Wall Street banks are “tough enough,” a remark that made Democrats cringe. Both Republicans and Democrats hammered Powell at his confirmation hearing over his plans for regulating Wall Street. Powell has close ties to Wall Street, having been a former partner at the Carlyle Group, a major private equity firm. As a Fed governor, he has met frequently -- 50 times in 2017 alone — with top Wall Street executives, as several senators pointed out in the hearing. The 38th misread the questionTrump’s Fed nominee Jerome Powell met 50 times with Wall Street execs this year.

Source: Washington Post November 28, 2017 19:21 UTC