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The Federal Reserve’s favored inflation index came in hotter than expected in March, showing that price increases have ticked up slightly from earlier this year.

Jay Powell says capital reform should be re-proposed

Federal Reserve Chair Jay Powell told the Senate Banking Committee today he believed Basel III capital reform should be formally re-proposed before being finalized.

Powell and the Fed are not the only decision-makers here; they must work with other federal regulators to finish capital reform. But public support from Powell toward a re-proposed product is a meaningful shift for the Fed chair with significant consequences for Basel III Endgame.

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