Quarles Says New Fed Capital Plan Undoes His 'Moderate' Changes

Also, three ex-Treasury aides back FSOC designation plan; IEX's rebate reversal

Aug 3, 2023

∙ Paid

The 1,100-page capital proposal that the banking agencies dropped last week immediately drew some spirited criticism – to say the least. Four Republicans at the Fed and FDIC even voted against releasing the plan and issued pretty comprehensive (and pointed) dissents. For his part, Chair Jerome Powell offered what seemed like tepid support.

That level of…

Keep reading with a 7-day free trial

Subscribe to

Capitol Account

to keep reading this post and get 7 days of free access to the full post archives.