According to PANews, Federal Reserve Chair Jerome Powell recently attended a closed-door meeting with CEOs of major banks, encouraging them to collaborate with the Fed to avoid prolonged legal battles over the Biden administration's landmark capital plan. Sources revealed that Powell informed bank leaders, including Jamie Dimon of JPMorgan Chase and Jane Fraser of Citigroup, that the public would have the opportunity to comment on key revisions to the plan. While it is not uncommon for Powell or other Fed governors to meet with top bank CEOs, this discussion marks Powell's latest effort to use his influence to achieve consensus between the industry and Fed governors and finalize the plan. This initiative, born out of the 2008 global financial crisis, has been in development for over a decade. The industry has expressed strong opposition and is preparing for potential legal challenges.