Powell's Speech Is Quiet on Fed and Rates, Focuses on Regulation
Powell opened his conference speech at the Integrated Review of the Capital Framework for Large Banks Conference in Washington, D.C., on Tuesday, discussing banking regulation without touching on interest rate policy or the economy—in keeping with the “blackout” period leading up to the July 29–30 FOMC meeting.
The primary focus was on the capital framework and regulation of large banks, including inviting participants to provide input on capital rules.
He stated that the Fed is dynamic and open to new ideas for strengthening the financial system.
Despite political pressure on the Fed and concerns about the central bank's independence, Powell did not signal any policy changes.
Source: Newsmaker.id
