On the recordJune 20, 2023
I think we learned from the Silicon Valley failure and the others that there is going to be a need for stronger supervision.
Source
congress.govI think we learned from the Silicon Valley failure and the others that there is going to be a need for stronger supervision.
Powell acknowledges the need for stronger bank supervision post-Silicon Valley Bank failure.
Share
More from Jerome Powell
The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.