Fed’s Powell to loosen capital rules for big banks, 2 officials warn it’s dangerous

The Federal Reserve on Wednesday released a proposal to cut the capital buffer that big US banks are required to hold, triggering internal backlash from within the Fed board itself. This decision came directly from Fed Chair Jerome Powell, who argued that the current rule—the enhanced supplementary leverage ratio, or eSLR—has become too restrictive. Per […] source: https://www.cryptopolitan.com/fed-to-loosen-capital-rules-for-big-banks/