Fed’s Bowman questions Barr’s bank failures report
Governor says supervision is preferable to higher capital requirements
US Federal Reserve governor Michelle Bowman criticised a report by her colleague Michael Barr in remarks on June 25, raising questions over whether the analysis offered a fair account of recent banking collapses.
The report on the collapse of Silicon Valley Bank “was the product of one board member, and was not reviewed by the other members of the board prior to its publication”, she said during a speech in Salzburg, Austria. The report was overseen by Barr, who is the Fed’s vice-chair for
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