Fed Chair Powell Says Further Increases In Capital For Large Banks Will Need To Be Justified
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that any further increases in capital requirements for large banks would need to be justified, potentially easing concerns about stricter regulations.
June 22, 2023 | 2:53 pm
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Fed Chair Powell's statement on capital requirements for large banks may ease concerns about stricter regulations, potentially benefiting the broader market.
Fed Chair Powell's statement suggests that further increases in capital requirements for large banks will need justification. This may ease concerns about stricter regulations, which could have a positive impact on the broader market, including the SPY ETF.
CONFIDENCE 80
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