Elizabeth Warren Grills NY Federal Reserve President on ‘Long List of Failures’

Elizabeth Warren Grills NY Federal Reserve President on ‘Long List of Failures’ (RealClearPolitics)

SEN. ELIZABETH WARREN (D-Massachusetts): You castigated the banks, and I think rightly so, the large financial institutions, for having "serious cultural problems," as you put it, in terms of their behavior. The question I'm asking you is do you think the New York Fed also has serious cultural problems?

WILLIAM C. DUDLEY, NEW YORK FEDERAL RESERVE BANK: I don't think we have serious cultural problems to the same degree, but are we perfect? Absolutely not.