Stay updated with breaking news from Fed Board. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) and Subcommittee on Health Care and Financial Services Chairwoman Lisa McClain (R-Mich.) are seeking additional information from Jerome Powell, Chairman of the Federal Reserve Board (Fed Board), on the collapse of Silicon Valley Bank (SVB).
Michael Barr calls for higher capital requirements and more rigorous annual stress tests. Emily Flitter & Rob Copeland ET Michael S. Barr announced on Monday that he will push for major changes in how America's biggest banks are supervised in an effort to make them more resilient during times of crisis.
Fed refuses to raise interest rates in June, but makes clear that its job is far from done and that markets will see more rate hikes in coming months.
(The Center Square) – The House Oversight lawmakers tasked with finding out why Silicon Valley Bank failed earlier this year and threatened the health of the entire economy are pushing
In a series of changes that has bank lobbyists on the defensive, Michael Barr is calling for higher bank capital and tougher annual stress tests.