Fed Chair Jerome Powell reportedly blocked a statement on regulatory flaws that led to SVB's collapse
Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC.The NYT reported that Fed Chair Powell blocked a mention of regulatory failings in a report on SVB. Some have blamed the fall of SVB on a lack of oversight stemming from policy rollbacks by the Trump Administration.
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