Jerome Powell, chairman of the U.S. Federal Reserve, arrives before the second half of a Fed Listens event on “Perspectives on Maximum Employment and Price Stability” at the Federal Reserve in Washington, D.C., U.S. (Photographer: Zach Gibson/Bloomberg)
Fed Headed for a Clash With Hedge Funds, Other Shadow Banks
(Bloomberg) -- The Federal Reserve and other central banks are heading for a collision with shadow lenders -- the firms with a sinister nickname that are increasingly dominating global finance.