Economics
Powell Vows to Defer to Fed’s Wall Street Watchdog on Rules
- Progressives have said Powell may block tougher bank oversight
- Quarles’ role as chief banking regulator expires next month
Jerome Powell speaks during a live-streamed news conference following a Federal Open Market Committee meeting.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
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Federal Reserve Chairman Jerome Powell, sending a message to progressives worried about his possible renomination, made clear that he won’t protect Wall Street from tough oversight if he gets a second term.