35 min listen
Quarles on Capital Plan, SVB Criticism, Interest Rates & Fed Power Dynamics
Quarles on Capital Plan, SVB Criticism, Interest Rates & Fed Power Dynamics
ratings:
Length:
56 minutes
Released:
Nov 14, 2023
Format:
Podcast episode
Description
Randal Quarles, the former Fed vice chair, details how the new Basel III capital proposal could hurt the economy, casts doubt on the legality of the Fed’s stress tests, and pushes back on criticism that his actions helped cause the failure of three regional banks earlier this spring. He also talks about his biggest concerns in the financial system right now, where interest rates are likely to go from here and his fears about the current power dynamics at the Fed.
Released:
Nov 14, 2023
Format:
Podcast episode
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