U.S. Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement following a Financial Stability Oversight Council meeting warning that financial stability risks are rising while the Trump Administration is weakening post-crisis oversight. Warren cited deterioration in private credit, an oil price shock she attributed to what she described as the President’s dangerous and illegal war in Iran, and a potentially bubble-like build-up of debt tied to the artificial intelligence sector, alongside household cost-of-living pressures. She argued that deregulation and efforts to “defang” the post-2008 framework designed to constrain “shadow banks” could recreate conditions that end in taxpayer bailouts and broader economic harm.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-03-25
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Warren criticises Trump Administration deregulation in statement on FSOC meeting
Senator Elizabeth Warren warned of rising financial stability risks after a Financial Stability Oversight Council meeting, criticizing the Trump Administration's weakening of post-crisis oversight. She highlighted concerns over private credit deterioration, an oil price shock linked to the President's actions in Iran, and a potential debt bubble in the artificial intelligence sector. Warren argued that deregulation could lead to conditions necessitating taxpayer bailouts and broader economic harm.