• Fed wants to give transparency in 'stress test' of Wall Street, says Powell

Market news

22 June 2017

Fed wants to give transparency in 'stress test' of Wall Street, says Powell

  • Sees room "for eliminating or relaxing" non-essential elements of Volcker rule

  • Does not comment on outlook for U.S. economy in prepared testimony to senate banking committee

  • Measures that improve safety and soundness must "increase bank costs"

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