Jerome Powell actually said...

The buck stops at the board on supervision, not at San Francisco Reserve Bank, although they are involved.

Powell emphasizes accountability in bank supervision lies with the board, not just the local reserve.

06/21/2023

More Jerome Powell Quotes

I agree with Mr. Curry and believe they should be entirely exempt from Volcker Rule compliance.

We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe shocks and support eco...

I do not support and we do not support reducing risk-based capital requirements.

I do not think what we are talking about here amounts to deregulation or broad deregulation.