Fed’s Bowman says stress-test framework revisions in coming weeks
Fed Vice Chair for Supervision Michelle Bowman said the Fed will consider final revisions to the Board’s stress testing framework in the coming weeks, aiming to improve transparency and public accountability and strengthen the reliability and accuracy of the models.
Michelle Bowman, the Fed’s vice chair for supervision, said the central bank will consider final revisions to the Board’s stress-testing framework in the coming weeks. Bowman said the changes are intended to improve transparency and public accountability, while also strengthening the reliability and accuracy of the model.