During his recent testimony before the House Financial Services Committee, Federal Reserve Chair Jerome Powell highlighted, "We Haven't Made Any Decisions Yet" on the proposed capital rules adjustments. However, Powell indicated a strong likelihood of "Expect Broad Material Changes" to the Basel III proposal. This stance tests the significance of Federal Reserve policies in the current economic landscape. Powell also mentioned that a reproposal of the Basel III Endgame is a "very plausible option," emphasizing that the Federal Reserve would not hesitate to pursue this route if deemed appropriate.
Fed Chair Powell expects there will be broad material changes to the Fed’s proposed capital requirements known as Basel III. @Jenniferisms reports: https://t.co/Dje9rdzZ3i
Fed Chair Jerome Powell says reproposal of Basel III Endgame is a "very plausible option," during his testimony before the House Financial Services Committee. "If, when we get to that point, that turns out to be the appropriate thing, we won't hesitate to do it." https://t.co/Cl8TLQThzK
Powell testimony tests the proposition of whether Fed policy matters right now https://t.co/RZlgTjTdLL
****POWELL: DO EXPECT BROAD, MATERIAL CHANGES TO CAPITAL PROPOSAL*** @markets
Fed's Powell: We Haven't Made Any Decisions Yet On Proposed Capital Rules - Expect Broad Material Changes To Basel 3 Proposal
Powell testimony tests the proposition of whether Fed policy matters right now https://t.co/a0fYcfWI2I