Editorial Board

The Fed Wants Capital, Not Punishment

The Fed might finally be ready to use its powers to reduce the threat that the largest U.S. banks present to the economy.
Daniel Tarullo is ready to use his powers.

Four years ago, Congress gave U.S. regulators powerful tools to reduce the threat that the country's largest banks present to the economy. Now the Federal Reserve, under Chair Janet Yellen, looks like it's finally getting ready to use them.

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