Before he was appointed as chair of the Fed in 2018, then-Governor Jay Powell was quoted as saying, in regard to banks, that he would "continue to consider appropriate ways to ease regulatory burdens."

Question

Quizplus · Accepted Answer

Before his appointment as chair of the Federal Reserve in 2018, Jay Powell, who was then a member of the Federal Reserve Board of Governors, indeed expressed intentions to consider ways to ease regulatory burdens on banks, reflecting a more flexible approach to financial regulation.

Before He Was Appointed as Chair of the Fed in 2018