Minneapolis Fed ‘deeply troubled’ over regulatory reforms
Minneapolis Fed backs Brainard against “alarming” regulatory reforms
The Minneapolis Fed warns that proposals to modify the regulatory standards for large banks are “alarming” and “a threat to financial stability”, in a letter addressed to the Federal Reserve Board on November 19.
“What is most alarming is that this is not a future generation forgetting mistakes of their parents or grandparents. It is the same generation that made the terrible mistakes in the first place that is already forgetting and now is following the same path again,” the letter reads.
The
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