Fed's Powell says new proposal for Basel III endgame is "essential"
![Fed's Powell says new proposal for Basel III endgame is](https://arizent.brightspotcdn.com/7d/c4/1cfd0a4f494e9370434d6b45791f/408550229.jpg)
The Federal Reserve chair said there is a consensus within the central bank's board of governors for reproposing its capital rules, but notes that other agencies have not yet signed off on this approach.