Jerome Powell: “we don't see it as at all appropriate for us to tell banks what legal…”

On the recordJune 20, 2023

we don't see it as at all appropriate for us to tell banks what legal businesses they can lend to; that is not our role.

Said by

Republican · District of Columbia

Source

Powell emphasizes the Fed's role in not dictating bank lending practices.

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Jerome Powell: “we don't see it as at all appropriate for us to tell banks what legal businesses they can lend to; that is not our role.”