Federal Reserve Chair Jerome Powell told Congress on Tuesday he does not expect federal legislation will be needed to address the expiration of a major benchmark interest rate that underpins trillions of dollars worth of financial contracts worldwide.
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:... More by Aaron Nicodemus
