At a recent important banking conference, Fed Chairman Jerome Powell delivered a notable opening speech. Powell's address focused on the robust development of the banking industry, highlighting three key elements.

First, Powell pointed out that ample capital is the cornerstone for banks to withstand risks and maintain stability. Sufficient capital not only enhances banks' risk resistance capability but also boosts the confidence of investors and depositors.

Secondly, Powell emphasized the importance of effective risk management for bank operations. In a complex and changing financial environment, banks must establish sound risk assessment and control mechanisms to address various potential threats.

Third, Powell mentioned the importance of free competition. A fair and open market environment can promote innovation, improve efficiency, and ultimately benefit consumers and the entire economic system.

It is worth noting that Powell's remarks this time did not touch on monetary policy matters, nor did he respond to recent rumors about his possible resignation. This selective silence has sparked numerous speculations in the market, but it also highlights Powell's determination to focus on the infrastructure of the banking industry.

Overall, Powell's speech reflected the Fed's expectations and plans for the long-term health and development of the banking industry, providing clear guidance for the industry's development direction.