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Revolving Door Project@revolvingdoordc.bsky.social |
Pro-Powell camp, 2021: His regulatory deficiencies can be fixed by a strong Vice Chair for Supervision.
RDP, 2021: No, Biden's VCS will play a subservient role within Powell's Fed.
Now: Powell is killing Barr's plan to strengthen capital requirements.
therevolvingdoorproject.org/what-jamie-d...
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Revolving Door Project
@revolvingdoordc.bsky.social
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Who stands to benefit from the watered-down framework that Powell is pushing? Wall Street, his previous (& likely future) home! Per Jeremy Kress, Powell's preferred changes would free up $115 billion for big banks to pay out to their shareholders/execs.
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