Jerome Powell actually said...

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...

It is very clear that banks have reduced their portfolios of fixed-income securities.

these regulations [that have been imposed since the 2008 financial crisis] are new and we should be willing to adjust them as we learn.