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 Behind the Number: Unpacking the Fed's 2% Inflation Target READ MORE Gold Takes a Breather While Traders Await Inflation Cues READ MORE Record Inflows Catapult Bitcoin Near All-Time Highs READ MORE ZeroHedge: Gold/Silver: Four Fed Speakers today, Key Levels to Watch READ MORE What Is Velocity of Money & Why Is It VITAL To What Is Coming? READ MORE Add a Comment Cancel replyYour email address will not be published.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