Powell Says He Supports a Rewrite of Volcker Rule

The transcript discusses the potential rollback and strengthening of banking rules, focusing on resolution, stress testing, and the Volcker Rule. The speaker believes current rules are sufficient but supports revisiting the Volcker Rule to tailor its application. The conversation highlights the need for a balanced approach to rule changes, considering both rollbacks and enhancements.

What are the four principles mentioned that could be made stronger?

What are the expectations regarding firms' progress on resolution and stress testing?

What concerns does the speaker express about rolling back rules?

How does the speaker view the current state of rules in the banking system?

What is the significance of the Volcker Rule in relation to banks trading on their own account?