Fed 'fully prepared' to regulate banks under $250B: Powell.

POWELL, Jerome H., 1953-; WARREN, Elizabeth, 1949-

The article reports on the statement by U.S. Federal Reserve (Fed) Chairman Jerome Powell on the readiness of the central bank to apply prudential rules to smaller banks even if the Congress passes a bill raising the mandatory regulatory thresholds for systematically risk banks. Topics discussed include the provision of the bill, the designation by the Fed of a bank below that threshold as a globally systematically important bank, and reaction of the Senator Elizabeth Warren to the bill.