He doesn’t think that she has been derelict in her duties, “too easy” on “the big banks,” or the orchestrator of looser rules. It’s nothing like that.
McWilliams, who emigrated to the United States at the age of 18 from Serbia, has committed a sin much worse in the eyes of the progressives.
Phillips wants McWilliams out because she abstained from voting on the Financial Stability Oversight Council’s (FSOC’s) report on climate-related financial risk. That report lays the groundwork for the Biden administration’s efforts to address climate change through financial regulation.