Economics
Fed at Odds With Itself as It Eases Bank Rules and Raises Rates
- Regulatory moves to free up billions of dollars for lending
- Fed’s Brainard warns that steps may ease financial conditions
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Federal Reserve policy makers seem to be working at cross purposes.
In laying out plans to ease some constraints imposed on banks after the financial crisis, the Fed is moving to free up tens of billions of dollars for financial institutions to lend to promote faster economic growth.