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GOP lawmakers urged the Fed to “efficiently, yet thoroughly,” review banks’ applications to receive certain types of capital treatment on credit-linked notes.
The Vault
July 10, 2024

Powell talks Basel, Basel and more Basel

Federal Reserve Chair Jay Powell got a lot of practice this morning answering lawmaker questions about Basel III capital reform.

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The Tax Cuts and Jobs Act gave families $1,500 yearly, boosted small businesses, and strengthened U.S. competitiveness. Allowing it to expire would jeopardize this progress. Congress: Renew the TCJA to secure growth and prosperity for all.

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