Kashkari Slams Jamie Dimon's Complaints About Regulatory Burden
- Minneapolis Fed president criticizes banker’s annual letter
- JPMorgan CEO accused of making ‘demonstrably false’ claims
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Minneapolis Federal Reserve President Neel Kashkari criticized JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon over what he contends are unrealistic views on core U.S. banking regulations.
Dimon’s assertions in a letter to shareholders this week that government-imposed capital requirement for big banks are holding back lending and that relaxing them could spur economic growth “are demonstrably false,” Kashkari said in a blog entry posted to the Minneapolis Fed’s website Thursday.