Federal Reserve Chair Jerome Powell convened a meeting with bank CEOs to address concerns over the proposed capital plan, aiming to avoid a prolonged legal battle. The plan, which aims to strengthen bank capital requirements, has sparked controversy among financial institutions. Powell’s meeting with bank executives aimed to clarify the plan’s details and address their concerns, thereby reducing the likelihood of legal challenges. This move is part of the Fed’s efforts to ensure the stability and resilience of the banking system. The meeting also focused on the potential impact of the plan on the financial sector and the broader economy. By engaging with bank CEOs, Powell hopes to achieve a consensus that balances the need for regulatory oversight with the practical considerations of the banking industry. The outcome of this meeting could significantly influence the future of banking regulations and the overall financial landscape.