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AFR Statement: Fed Report Proves Need To Strengthen Financial Safeguards

Submitted by on November 28, 2018 – 3:43 pm

FOR IMMEDIATE RELEASE

Nov. 28, 2018

CONTACT: Carter Dougherty, carter@ourfinancialsecurity.org, (202) 251-6700

Fed Report Proves Need To Strengthen Financial Safeguards

Statement from Marcus Stanley, policy director, Americans for Financial Reform:

“Today’s financial stability report from the Federal Reserve clearly documents that we are at or near the peak of an economic cycle, with inflated asset prices and strong lending growth leading to signs of excessive leverage in the corporate sector. The peak of the cycle is the time to strengthen financial safeguards, not weaken them. But there is a disturbing gap between the Fed’s analysis and its actions in weakening regulation across a range of areas, including the Volcker Rule, stress tests, and capital requirements.”

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