Federal Reserve Board Member Cook Expresses Concerns About Bank Capital Proposal

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“I am concerned about financial stability, which means I am also concerned about the cumulative impact of all the proposals currently put forward and their interactions,” said Federal Reserve Governor Lisa Cook when discussing the recent bank capital proposals.

Note: Cook answered questions after giving a speech on financial stability in New Haven, Connecticut, on Thursday.

Note: Cook did not comment on monetary policy or the economic outlook during her speech.

Note: U.S. regulators announced plans to relax capital requirements for large banks.

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