Senator Warren Clashes With Powell on Bank Oversight

The transcript discusses the weakening of banking regulations over the past four years, focusing on the Volcker Rule and other regulatory measures. It highlights concerns about the Federal Reserve's role in making rules stronger or weaker, with examples of reduced capital and liquidity requirements. The discussion includes a defense of current regulations, such as the stress capital buffer, and raises concerns about the ability of banks to withstand future crises without taxpayer bailouts.

What changes were made to the Volcker Rule in recent years?

How did the easing of regulations affect banks' risk-taking behavior?

What concerns were raised about the strength of banks in relation to future crises?

What role does the Federal Reserve play in regulating banks?

What was the impact of fiscal stimulus on banks during the pandemic?