Fed’s Fischer criticises efforts to unwind banking regulation in the US
The economist describes attempts to reduce capital standards as “extremely dangerous and extremely short-sighted”
Stanley Fischer, vice-chair of the US Federal Reserve System, has criticised attempts to unwind the banking regulations implemented in the US in the aftermath of the financial crisis.
Fischer, who also heads a financial stability panel at the Fed, describes plans to ease capital standards, mooted by US President Donald Trump and the Treasury, as “extremely dangerous and extremely short-sighted”.
Speaking to the Financial Times, he also critically reflects on the US role in the international
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