The fed argues these changes are about efficiency, streamlining processes, and focusing on “critical risks.” but critics see a different picture The federal reserve cut interest rates by a quarter percentage point wednesday in an effort to prop up the sagging u.s A gamble with the stability of the entire financial system, potentially paving the way for a repeat of the 2008 crisis.
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The fed is cutting bank oversight
The regulator is cutting staff and easing oversight in ways that critics say might make supervisors less equipped to spot a crisis in advance.
Federal reserve chair jerome powell tells a news conference about the us central bank's decision to cut its key interest rate by 0.25 percentage points this is the fed's first cut this year and.
