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The Senate just quietly passed the biggest rollback of Wall Street regulations since the financial crisis
The Senate bill is designed to exclude many smaller banks from increased regulation, but it will also benefit larger regional banks and financial institutions.
"The tariff approach is not the best approach," Fed Chairman Jerome Powell said in testimony.
The Federal Reserve is already looking very different under Jerome Powell than it did under Janet Yellen
ANALYSIS: New Federal Reserve Chair Jerome Powell vowed continuity with his precedessor, Janet Yellen, but struck a much different tone in testimony.
Federal Reserve Chairman Jerome Powell's optimistic outlook on the economy has Wall Street scared about the prospect of four interest-rate hikes this year.
A ‘striking lack of diversity’ at the Fed distorts economic policy in ways most people don’t consider
Of 107 current directors, 78% come from banking or business backgrounds, 77% are white and 67% are male, the report found.
The meeting happened right as inflation was becoming a big concern for investors.
Markets tend to test new Federal Reserve chairs not long after they take over; Jerome Powell's first drubbing came especially quickly with last week's sharp reversal.
Former White House strategist Steve Bannon was a huge fan of former Fed Chair Janet Yellen, and wanted her to stay on for another term.
Bob Prince, co-CIO of Bridgewater Associates, said: "We don’t think this shakeout will be over in a matter of days."
Fed President Kashkari tells Business Insider maintaining a strong labor market is by far the biggest contribution the Fed can make to workers and the economy.