[Warren Urges Fed Governor Waller to Halt Federal Reserve Bank Reform Proposal] According to a report by Golden Finance, on July 2, U.S. Democratic Senator Warren called on Federal Reserve Governor Waller to stop his efforts to implement comprehensive reforms of the operations of the Federal Reserve's 12 regional banks. Warren stated that Waller's proposed Federal Reserve Bank reform plan appears to conflict with federal law and suggested that the plan could undermine the Fed's independence. While Waller, as the chair of the Federal Reserve Board's Committee on Reserve Bank Affairs, holds certain supervisory authority, the regional banks are established as highly autonomous entities that can independently manage their daily operations. Warren said: 'Rather than being a serious Federal Reserve reform proposal, this seems more like a carefully orchestrated effort to please President Trump, who seeks greater power over the regional bank presidents. I urge you to immediately halt the advancement of this proposal and provide Congress with more information.'