Big Banks
Powell is also expected to be asked about the Fed’s most high-profile efforts to oversee U.S. banking.
The agency is nearing a proposal to overhaul the Volcker Rule that limited Wall Street banks’ ability to trade after the 2008 financial crisis. It’s also weighing a big-bank merger between BB&T Corp. and SunTrust Banks Inc., which has drawn criticism from some Democratic lawmakers and consumer groups.
Another hot regulatory topic for the Fed has been how it and other financial regulators will handle emerging digital currencies, such as Facebook’s Libra. Powell has said he had discussions with that company about its plans.
Bloomberg News.