News Topic: Jerome Powell

Financial regulators have been put on notice about the risk of an economically damaging cash crunch in the home mortgage market. Behind the concern: the rapid growth of shadow banks in the origination and servicing of home loans. ... Read full article

Senate leaders say they're ready to consider appointees to fill vacancies at the two regulatory agencies, if only the White House would send over their names. ... Read full article

Federal Reserve Chairman Jerome Powell said Wednesday that he does not think revamping capital or liquidity requirements is necessary despite recent volatility in the repurchase markets. ... Read full article

The central bank finalized a host of regulatory-relief changes mostly benefiting midsize and regional banks that hew closely to proposals issued in April and last fall. ... Read full article

The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle. ... Read full article

The EU wants to protect the euro and ensure Facebook’s digital currency isn’t used for money laundering; the brokerage is partnering with six banks to offer 2% on account balances. ... Read full article

Certain topics have dominated in the Democrats’ prior face-offs, but issues like regulatory relief have the potential to highlight crucial differences between the candidates. ... Read full article

The GSEs will hold onto a combined $45 billion as they start the process of going private; PayPal becomes the first foreign firm to win approval to enter the country’s payments market. ... Read full article

Despite concerns over how regulatory requirements affect short-term funding markets, the central bank is not considering a reduction in the liquidity coverage ratio, Jerome Powell said. ... Read full article

Lenders considering other factors for those with bad or no credit history; the bank plans to sell its French retail unit. ... Read full article

President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to restructure Treasury debt at a lower ... Read full article

The recent revision of Volcker Rule limits on banks' ability to speculate with their own capital has cost regulators a meaningful supporter: Paul Volcker. ... Read full article

Trump's re-election arguably presents a threat to the U.S. and global economy, to the Fed's independence and its ability to achieve its employment and inflation objectives, the former N.Y. Fed chief says. ... Read full article

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found. ... Read full article

Fresh data from the Fed, FDIC and Bank of England shows that, directly or indirectly, banks are taking on more leveraged loans. But whether this puts their loan and securities portfolios at risk remains open for debate. ... Read full article

Vice Chairman Randal Quarles’ public dissent raises questions about how the board will proceed on other policy debates. ... Read full article

The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May. ... Read full article

Former central bank chiefs Alan Greenspan, Paul Volcker, Janet Yellen and Ben Bernanke said the Fed must be allowed to act "free of short-term political pressures and ... without the threat of removal or demotion." ... Read full article