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US bank regulators to be grilled by Congress on capital hike plan

The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts. Barr, the Federal Deposit Insurance Corporation's Martin Gruenberg and acting Comptroller of the Currency Mike Hsu will appear before the Senate Banking Committee on Tuesday at 10 a.m. ET (1500 GMT) and the House of Representatives Financial Services Committee on Wednesday at 9:30 a.m. ET (1430 GMT). ....

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SRN - US News - Taylorville Daily News

SRN - US News - Taylorville Daily News
taylorvilledailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taylorvilledailynews.com Daily Mail and Mail on Sunday newspapers.

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A hawkish pause awaits. What's next for the Fed?

The prospect that high rates will continue to weigh on indebted households and firms as the race heats up could undercut his message of optimism. ....

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