Senate Banking Chair Tim Scott on Wednesday said he did not believe Federal Reserve Chair Jerome Powell committed a crime during his congressional testimony last year about the central bank’s headquarter renovations.
“I was the one asking the questions,” he said on Fox Business. “Jay Powell was responding to me. Obviously, he and I have very, very strong disagreements on many issues, everyone.”
He said it was time for a new head of the central bank and called Powell “inept” but added: “ineptness or being incompetent is not a criminal act.”
“I believe what he did was made a gross error in judgment,” Scott said. “He was not prepared for that…
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