Securities and Exchange Commission Chair Gary Gensler makes two appearances on Wednesday: Gensler joins the MIT AI Policy Forum for a virtual fireside chat at 12:15 p.m., and speaks again via video at 1:20 p.m. for the Investment Adviser Association’s 2022 Policy & Leadership Forum. 

Federal Reserve Bank Chair Jerome Powell gives opening remarks at the 2022 Community Banking Research Conference in St. Louis via pre-recorded video on Wednesday at 10:15 a.m. 

Fed Governor Michelle Bowman will give an 11 a.m. speech at the St. Louis banking conference on Wednesday, and she will discuss large bank supervision at the Institute of International Finance on Friday at 11 a.m. 

Fed Vice Chair Lael Brainard and Federal Reserve Bank of New York President John Williams will give remarks Friday at the New York Fed conference “Financial Stability Considerations for Monetary Policy.” 

Federal Reserve Bank of Boston President Susan Collins will join the Greater Boston Chamber of Commerce in her first public appearance on Monday at 10 a.m. 

Federal Reserve Bank of Atlanta President and CEO Raphael Bostic will join The Washington Post on Monday at noon to discuss income and wealth inequality.

Kansas City Fed President Esther George will give opening remarks at 8:30 a.m. on Wednesday for the Kansas City Fed’s “Minorities in Banking” conference. 

Federal Reserve Bank of Cleveland President Loretta Mester will give remarks at the Cleveland Fed’s “Inflation: Drivers and Dynamics 2022” conference, which runs Thursday and Friday. 

Former Vice President Al Gore and CalPERS CEO Marcie Frost are among the speakers at Fortune’s Global Sustainability Virtual Forum on Thursday. 

Jared Bernstein, member of the White House Council of Economic Advisers, will discuss the U.S. economy in a Peterson Institute for International Economics virtual event on Wednesday at 1 p.m. 

Former Internal Revenue Service Commissioner John Koskinen will speak on a panel, “Solutions to Improve Take-Up and Administration of the CTC and EITC,” hosted by the Bipartisan Policy Institute and the National Academy of Public Administration Monday at 2 p.m. 

Brian Deese, director of the National Economic Council, will speak at an Economic Club of Washington, D.C. dinner on Tuesday at 7 p.m. 

Rep. Michael Turner (R-Oh.) and Rep. Brian Fitzpatrick (R-Pa.) will take part in a Hudson Institute panel, “Establishing and Fortifying US National Security Supply Chains,” Wednesday at 3:30 p.m. 

Hearings to watch: 

• The House Select Committee on the Climate Crisis will hold a hearing, “A Big Climate Deal: Lowering Costs, Creating Jobs, and Reducing Pollution with the Inflation Reduction Act” Thursday at 1:30 p.m. 

As the Federal Reserve predicts slower growth, White House remains optimistic about “soft landing:” After the Federal Reserve raised the federal funds rate by another 75 basis points, as expected, Fed officials said they expect the economy to expand by just 0.2% this year and 1.2% next year, with a “modest” rise in unemployment next year to 4.4%. President Joe Biden said that he hopes the economy will achieve a “soft landing” and he expects Americans to be in a position to gain control over rising prices as they reap savings from lower energy, health care and prescription drug prices. “I’m more optimistic than I’ve been in a long time,” Biden said in an interview with CBS’s “60 Minutes.” (More on the economy: Powell Says Economy May Be Entering ‘New Normal’ After Pandemic)

Pressure on financial firms over climate change: Federated Hermes, a U.S. asset manager that oversees more than $632 billion globally, pulled its sponsorship of the State Financial Officers Foundation after several European pension fund clients objected to the Republican-led group’s opposition to climate change policies, and New York City Comptroller Brad Lander called on BlackRock Inc. Chief Executive Larry Fink to recommit to the firm’s net-zero emissions goals. Meanwhile, at a Senate Banking Committee oversight hearing, Sen. Pat Toomey (R-Pa.) chided CEOs of the nation’s largest banks for “embracing a liberal ESG agenda that harms America,” and accused banks of always choosing the liberal side when weighing in on highly charged social and political issues.

World Bank president’s climate stance questioned: Climate action groups took to social media to call on Biden to replace World Bank President David Malpass after Malpass declined to say whether he accepts scientific consensus on climate change and the role of fossil fuels in global warming. Following the incident, people familiar with the matter told Axios that White House officials were considering moves to replace Malpass, a Trump appointee, but they were unsure of how to proceed since the ouster would be politically messy. Malpass backtracked later in the week, saying in an interview with CNN International Thursday that he accepted that greenhouse gas emissions come from manmade sources. In a Friday interview with Politico, he apologized for his earlier remarks and said he had no plans to resign.

Lawmakers get tough on banks: At a House Financial Services Hearing, Rep. Maxine Waters (D-Calif.) grilled Wells Fargo & Co. CEO Charles Scharf about the bank’s progress on resolving problems with its mortgage business, to which Scharf replied that the issues would take years to fix but that the bank was making progress. In a Senate oversight hearing, Sen. Jack Reed (D-R.I.) chided banks for keeping deposit interest rates “very, very low.”

Dimon’s remarks before the hearings: JPMorgan Chase & Co. CEO Jamie Dimon said in prepared remarks ahead of the hearings that regulators’ policy of growing capital requirements for large banks is “bad for America.” Dimon also characterized inflation and the Federal Reserve’s moves to raise interest rates as “storm clouds” over the economy.

Regulators reported to eye new rules for banks: Amid concerns that large regional banks’ steady growth has introduced new risk into the financial system, bank regulators appointed by Biden are reportedly considering expanding rules that would further bolster these banks’ ability to survive a crisis. According to people familiar with the matter, the new rules could require regional banks to raise long-term debt, a move that banking trade groups are saying is unwarranted.

$2,039

The national median asking price for a month’s rent in August, a record high, according to the most recent data from Redfin. Prices may have hit their peak, however, as the 11% year-over-year growth rate in August was considerably lower than the peak growth rate in March, which hit 19% year over year.

1) Animation: Visualizing U.S. Interest Rates Since 2020

Jan Varsava, Visual Capitalist

2) Big Regional Banks Might Face New Rules for Dealing With a Crisis

Andrew Ackerman, The Wall Street Journal

3) Ways and Means to take up Social Security benefits bill

Laura Weiss, Roll Call

4) Another Culture War Front: Are Companies Too ‘Woke’ When It Comes to Climate?

David Gelles, The New York Times

5) Wall Street CEOs Cautious About Path of U.S. Economy

Andrew Ackerman, The Wall Street Journal

6) Goldman Sachs Faces Fed Scrutiny of Money-Losing Marcus Consumer Unit

Sridhar Natarajan and Hannah Levitt, Bloomberg

7) Student Loan Subsidies Could Have Dangerous, Unintended Side Effects

Stacy Cowley, The New York Times

8) Fed’s Powell to America: Brace yourself for more pain ahead

Victoria Guida, Politico

9) Goldman Sachs insiders are fuming over their CEO’s use of private jets to promote his side hustle as a DJ

Dakin Campbell, Insider Premium

10) U.S. Return-to-Office Rates Hit Pandemic High as More Employers Get Tougher

Peter Grant, The Wall Street Journal

• Stock market continues long tumble, hitting lows not seen for a year (The Washington Post)
• Yellen Sees Path for Cooler Prices Without Jump in Jobless Rate (Bloomberg)
• Binance and FTX Make Top Bids for Bankrupt Lender Voyager (The Wall Street Journal)
• Biden taps two GOP nominees for FDIC after leadership blowup (Politico Pro)
• GOP AGs push Visa, Mastercard, AmEx not to track gun sales (The Associated Press)
• Goldman Sachs Faces Fed Scrutiny of Money-Losing Marcus Consumer Unit (Bloomberg)