Jerome Powell

Regulators propose Volcker Rule changes to allow VC stakes

01/30/20

In another rollback of the bank trading ban, the federal agencies unveiled a plan to allow financial institutions to invest in multiple companies through certain fund structures.

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Fed chief endorses Brainard's critique of CRA plan

01/29/20

Federal Reserve Chair Jerome Powell said he was “comfortable” with a recent speech by Gov. Lael Brainard objecting to significant aspects of the Community Reinvestment Act plan proposed by the OCC and FDIC.

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What's the Fed's next move on CRA reform?

01/03/20

After declining to support the proposal drafted by the OCC and FDIC, the Federal Reserve could issue its own framework or just keep the current CRA regime.

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Business debt exceeds households' for first time since 1991

12/12/19

Corporate debt swelled to $15.987 trillion in the third quarter after borrowing increased by nearly 6%, according to the Federal Reserve.

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Maxine Waters to crash FDIC meeting on CRA revamp

12/12/19

In a rare move, the House Financial Services Committee chairwoman will lead a congressional delegation to a public FDIC board meeting as it considers releasing a proposal to rework the Community Reinvestment Act.

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Powell unsure on future CRA path if Fed parts with other agencies

12/11/19

The Fed chairman said he has not given up on the central bank agreeing with other regulatory agencies on a plan to modernize the Community Reinvestment Act, but admitted, "I don’t know whether that will be possible or not.”

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What ongoing repo turmoil means for banks

12/03/19

Federal Reserve officials said they contained fallout from the rate spike in the repurchase agreement market, but the episode poses longer-term repercussions for liquidity rules, the transition to a new interest rate benchmark and other issues.

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Amex sweetens pot for merchants; Trump, Powell meeting raises questions

11/19/19

The company is reportedly paying bonuses to get retailers to accept its cards; both sides offer different take of rare get-together.

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Fed's faster payments network likely ahead of schedule: Powell

11/14/19

The central bank originally predicted FedNow's launch within five years, but the Fed chairman told House lawmakers that he expects it will happen sooner.

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Fed focused on drafting joint CRA plan with other agencies: Powell

11/13/19

After others have hinted the three bank regulators may part ways on a Community Reinvestment Act proposal, Federal Reserve Chairman Jerome Powell told lawmakers a “common answer” is the ideal outcome.

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