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.
2026-03-25U.S. Senate Committee on Banking, Housing and Urban Affairs
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.