Yellen Urged to Halt Talks on Global Bank Rules for Trump Review
- Fed isn’t authorized to participate, McHenry says in letter
- Lawmaker says president will prioritize American interests
Janet Yellen
Photographer: Pete Marovich/BloombergThis article is for subscribers only.
A key lawmaker wants U.S. banking regulators to halt talks over international agreements until President Donald Trump has a chance to review their work and replace top negotiators.
“The Federal Reserve must cease all attempts to negotiate binding standards burdening American business until President Trump has had an opportunity to nominate and appoint officials that prioritize America’s best interests,” House Financial Services Committee Vice Chairman Patrick McHenry wrote in a to Fed Chair Janet Yellen dated Tuesday.