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 Fed’s Favorite Inflation Gauge Up 2.9% from a Year Ago READ MORE Debt Service Costs Threaten Sustainable Development in Developing Countries READ MORE Oil Markets in a Tightrope Walk: Supply Scarcity and Economic Woes READ MORE UBS Analysts: Gold Market Not Overextended Despite Record Prices READ MORE Russian Finance Ministry Accelerates De-Dollarization with Massive Gold Buy READ MORE Add a Comment Cancel replyYour email address will not be published.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