Fed’s Powell opens door to tougher regulations as renomination decision looms

Published by
Reuters

By Lindsay Dunsmuir (Reuters) – Even as Federal Reserve Chair Jerome Powell predictably dodged the latest question over his future as head of the central bank, his signal of openness to Democratic demands for tougher regulation of Wall Street under a new regulatory chief may assuage what critics see as a weak point in his leadership. At a press conference on Wednesday following the Fed’s latest meeting at which policymakers kept interest rates near zero as the U.S. economy continues to heal from the COVID-19 pandemic, Powell was unequivocal when asked how much he would defer to a new vice chai…

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