Bowman Expects Finalized Fed Stress Test Revisions in ‘Coming Weeks’
Federal Reserve Vice Chair for Supervision Michelle Bowman said she expects the Fed to consider final revisions to the stress test framework in the “coming weeks.” Bowman added that the final changes to the agency’s marquee exam are likely to address concerns about risk sensitivity and which risks are captured. She spoke Friday in London. (Source: Bloomberg)
READ NEXT
More on the wire
FROM THE PUBLISHER
Federal authorities arrested an illegal migrant in the Los Angeles area for repeatedly lying about her citizenship to land a job at a US military contractor.
FROM THE PUBLISHER
The men were seen visiting for short spurts of time, according to investigators.
FROM THE PUBLISHER
California diesel prices hit a record average of $8.39 a gallon, leaving local trucking companies struggling to absorb the soaring fuel costs.