Asked and Answered
Heading into last week’s CARES Act hearings with FRB Chair Powell and Treasury Secretary Yellen, we raised numerous questions about how the two high-ranking officials will advance financial-services policy in the Biden Administration despite the hearing’s ostensible focus on the CARES Act.  As we noted in our two hearing reports (see Client Reports REFORM203 and REFORM204), they didn’t disappoint, providing key insights on plans to advance a host of initiatives.