Jerome Powell

Calls intensify for Congress to intervene on Libor

03/26/21

The heads of the Federal Reserve and Treasury are urging passage of legislation that would replace Libor with the Secured Overnight Financing Rate in certain contracts. That would spare banks litigation over trillions of dollars of contracts when Libor expires in 2023.

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Fed, Treasury vow to evaluate climate change risk to financial system

03/23/21

Top officials at the U.S. central bank and Treasury Secretary Janet Yellen reaffirmed their commitment to understand how extreme weather events affect financial institutions and the economy as a whole. Many Republicans, however, worry the Federal Reserve’s new climate focus strays too far from its traditional function.

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Fed nears decisions on key capital break, shareholder distributions

03/17/21

The Federal Reserve will determine within days whether to extend the easing of the supplementary leverage ratio for big banks past March 31, Chairman Jerome Powell says. And it's a couple of weeks away from announcing whether there will be limits on second-quarter dividends and buybacks, he says.

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The national debt is big and getting bigger. Does it matter?

03/03/21

As government debt swells, the outer limits of what the U.S. can safely borrow are becoming less and less clear.

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Fed's Powell sees opportunity for joint CRA overhaul

02/24/21

Federal Reserve Chair Jerome Powell said bank regulators still aim to write a universal rule updating the Community Reinvestment Act, despite years of disagreement between the agencies on how to proceed.

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Fed nears decision on continued easing of bank capital rule

02/23/21

Chair Jerome Powell told a congressional panel that the Federal Reserve is weighing whether to extend temporary relief from the “supplementary leverage ratio” — meant to help banks lend more during the pandemic — beyond March 31.

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Fed undecided on bank dividend cap in second quarter

01/27/21

Federal Reserve Chair Jerome Powell said the central bank will consider the pace of coronavirus vaccinations and other factors to determine if restrictions on dividends and share repurchases will continue.

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