Fed's Kohn on regulatory relief

In testimony 'Regulatory relief' given on 1 March Donald Kohn of the Federal Reserve said the Federal Reserve will continue to be "a strong and active supporter" of legislative efforts to provide regulatory relief in the banking sector.

In testimony to the Senate Banking Committee, Kohn said the central bank's highest priorities include allowing it to pay interest on balances held at reserve banks.

The Fed also wants additional flexibility in establishing reserve requirements and wants Congress to

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