Florida covid-19 cases rise 4.4% vs previous 7-day avg. 3.2%

Takeaway: Ongoing public health concerns have created an unusually complex employment situation, with U.S. unemployment at 13.3 percent, up dramatically from February in all age ...

Thank you for the opportunity to again address this group, which has played such an important role encouraging diversity, and a diversity of perspectives, in housing and finance. I gave my first speech to Women in Housing and Finance almost 30 years ago. You've been kind enough to invite me back in each of my tours of duty in public service since then, and throughout that time you have been an exemplar of the adage that diversity is the art of thinking independently together. Today, I'd like to talk to you about how banking regulation and supervision is adjusting to the unprecedented economic challenges posed by the coronavirus outbreak and especially the containment measures taken in response, which together we call the "COVID event." In particular, I will discuss how the COVID event is affecting a cornerstone of the Federal Reserve's oversight of large banks—our periodic stress tests, which verify that banks are prepared to deal with severe economic and financial conditions. Although our stress tests w tweet at 12:01pm: (NEUTRAL) FED'S QUARLES: BANKS WILL BE EXAMINED AGAINST 'V-SHAPED,' 'U-SHAPED,' AND 'W-SHAPED' RECOVERIES.