Powell's Testimony Suggests Softening of Controversial Bank Capital Proposal Federal Reserve Chair Jerome Powell announced that U.S. regulators are nearing agreement on a revised plan for bank capital requirements, potentially easing the initially proposed 19% increase for big banks. This development suggests a significant shift in response to intense lobbying from major financial institutions, who argued the original plan could hinder lending. While specific changes weren’t detailed, Powell indicated that the revised proposal would likely be subject to a 60-day public comment period. This move represents a potential victory for Wall Street banks and highlights the ongoing balance regulators are trying to strike between financial stability and economic growth. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Economy Defies Expectations: GDP Grows 2.8% in Q2 READ MORE Powell to Defend Fed's 'Higher-for-Longer' Rate Policy in Congressional Testimony READ MORE This Is the Greatest Manipulation of Gold In History READ MORE August Jobs Data: Key to Fed's September Rate Decision READ MORE Gold Climbs on Anticipation of Fed Rate Cuts and Middle East Unrest READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment