Jerome Powell actually said...

I certainly think that our supervision has been shown to have been lax in not being assertive enough.

Powell acknowledges the Federal Reserve's lax supervision contributing to bank failures.

06/21/2023

More Jerome Powell Quotes

We need to get on a sustainable fiscal path.

I do.

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We think we need the leverage ratio as a high and hard backstop to risk-based capital. We think that the current calibration of the enhanced...