U.S. banks in cross-hairs as Powell could help and 妨げる
By Chuck Mikolajczak
NEW YORK, Nov 3 (Reuters) - With the 告示 of Jerome Powell as the new 連邦の Reserve 議長，司会を務める, banks are likely to see a 戦う／戦い between a 上げる from 規制緩和 supported by the new Fed leader and the challenge of a flattening 産する／生じる curve as 通貨の 政策 is likely to remain on course.
A steepening 産する／生じる curve is seen as a boon to banks, as they borrow on lower shorter-称する，呼ぶ／期間／用語 率s and lend on higher long-称する，呼ぶ／期間／用語 率s, which helps 生成する 利益（をあげる）s through 増加するd 逮捕する 利益／興味 利ざやs. But the curve has flattened under 現在の Fed 政策 which is 推定する／予想するd to continue under Powell, who has worked と一緒に 現在の Fed 議長，司会を務める Janet Yellen for the past five years.
The 形態／調整 of the 財務省 産する／生じる curve, which 陰謀（を企てる）s the 産する／生じるs of the さまざまな 負債 安全s 問題／発行するd by the U.S. 政府, often 反映するs 投資家s' perceptions of the health of the economy and the 見通し for インフレーション.
A steeper curve, when long-称する，呼ぶ／期間／用語 産する／生じるs rise 親族 to shorter-時代遅れの 産する／生じるs, typically augurs brisker 経済成長 and インフレーション. A flatter one, when the gap between short and long 称する，呼ぶ／期間／用語 産する／生じるs 狭くするs, most often occurs as the Fed is raising short-称する，呼ぶ／期間／用語 利益／興味 率s as it is now, and signals a muted 見通し for both growth and インフレーション.
However, 投資家s are likely to welcome Powell's 見解（をとる） on 規制緩和, as he has gone その上の than his 同僚s in calling to relax some of the 支配するs put in place to 限界 banks in the wake of the 財政上の 危機.
The S&P bank 索引 jumped nearly 18 パーセント in November 2016 in 予期 of U.S. 大統領 Donald Trump's 政策s to 刺激する the economy.
It then 冷静な／正味のd in 2017, with a 伸び（る） of 2.9 パーセント through the end of August. 伸び（る）s have 選ぶd up steam since then, as the 索引 has climbed more than 10 パーセント, ブイ，浮標d by a rise in the （判断の）基準 U.S. 10-year 公式文書，認める 産する／生じるs, 年４回の 収入s results from 財政上のs and 増加するd 期待s for a 率 引き上げ（る） by the U.S. 連邦の Reserve in December.
After the 告示 of Powell's 指名／任命 on Thursday, the bank 索引 追加するd to 伸び（る）s, to の近くに out the 開会／開廷／会期 up 0.8 パーセント, 上げるd by a 1.2 パーセント 伸び（る） in Bank of America and JPMorgan's 0.7 パーセント rise.
The 指名／任命 will go through the 上院 for 確定／確認 and, if 確認するd, Powell will take the reins of the central bank when Yellen's 称する，呼ぶ／期間／用語 満了する／死ぬs in 早期に February.
Powell as leader of the Fed is seen as a boon for 塀で囲む Street as the 重要な banking regulator continues its review of a raft of 支配するs for 監督 and examination introduced after the 2007-09 財政上の 危機.
Regarding the Fed's 未来 通貨の 政策 path, Powell's 任命 is 推定する／予想するd to 供給する 投資家s with some certainty as his 見解（をとる）s are seen as more in line with those of Yellen. A Fed 知事 since 2012, he has yet to cast a dissenting 投票（する） against the 連邦の Open Market 委員会´s 決定／判定勝ち（する）s on 通貨の 政策.
"Powell will probably have a 肯定的な 影響 because while he is 漸進的な on the unwind 過程, he is a fan of 規制緩和," said Art Hogan, 長，指導者 market strategist at Wunderlich 安全s in New York.
Working against banks, however, has been a flattening of the 産する／生じる curve, which could 鈍らせる 利益（をあげる）s. The 産する／生じる curve between five-year 公式文書，認めるs and 30-year 社債s was 81.7 basis points on Friday, its flattest level last seen in late 2007.
(報告（する）／憶測ing by Chuck Mikolajczak; Editing by Chizu Nomiyama)
