The House and the Senate aren’t in session.
The Bank Policy Institute and the Securities Industry and Financial Markets Association will hold their eighth annual Prudential Regulation Conference on Wednesday and Thursday. Why it’s worth watching: Speakers this year include Sen. Bob Menendez (D-N.J.), chairman of the Senate Banking subcommittee on securities, insurance and investment, and Federal Reserve Vice Chair for Supervision Randal Quarles. Quarles last week became the highest-ranking Fed official to say he’s open to conversations about tapering the central bank’s bond-buying program; at this panel, I’m looking for further comments on the Fed’s support to the U.S. economy. With this audience, he’s also likely to address some lingering bank policy questions, like permanent adjustments to the Supplementary Leverage Ratio and other coronavirus-era regulatory easements for banks.
It’s jobs day on Friday. Why it’s worth watching: Last month’s disappointing jobs report drew headlines across the country, so we’ll find out Friday if that trend was a dip — or if we’re in for a longer economic recovery than expected. There are early indicators on both sides: Jobless claims have shown improvement, but Morning Consult’s measure of consumer confidence is showing some of the first dips in months. Another economic release coming this week that’s worth keeping an eye on is the Fed’s Beige Book, out Wednesday afternoon.
