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Federal Reserve chair Jerome Powell is facing criticism for obstructing the finalization of tougher capital requirements for banks, increasing the risk of financial instability. Critics argue that the current equity buffers of banks are insufficient to prevent a credit crunch. Various experts, including Stanford Professor Anat Admati and Chicago Booth's Anil Kashyap, express concerns about the proposed bank capital rules and the potential consequences of regulatory retreat on banking crises.
Fed's Powell hints at regulatory retreat. Will fewer capital requirements mean more banking crises? Scott Sumner at #EconLog: https://t.co/KOFNo4ufxu
Opposing the Biden administration's efforts to strengthen capital requirements, Federal Reserve chair Jerome Powell is setting the stage for the next banking crisis. https://t.co/DXYRm7KurU
Very little has changed since the Silicon Valley Bank collapse one year ago: Federal Reserve chair Jerome Powell’s long-standing penchant for deregulation is still putting the stability of the financial system in jeopardy. https://t.co/DXYRm7JWCm
