Jerome Powell: “We do not want our banks to turn into Government mutual funds, where…”

On the recordApril 13, 2016

We do not want our banks to turn into Government mutual funds, where they hold only Government securities.

Said by

Republican · District of Columbia

Source

Powell emphasizes the need for banks to hold diverse assets, not just government securities.

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Jerome Powell: “We do not want our banks to turn into Government mutual funds, where they hold only Government securities.”