jerome powell
Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC.
  • The NYT reported that Fed Chair Powell blocked a mention of regulatory failings in a report on SVB. 
  • The final joint statement on SVB's fall speaks mostly of regulators' work since the 2008 crisis.
  • Some have blamed the fall of SVB on a lack of oversight stemming from policy rollbacks by the Trump Administration.

Federal Reserve Chair Jerome Powell blocked a statement on regulatory failings that led to the collapse of Silicon Valley Bank, according to a report from the New York Times.