FOR IMMEDIATE RELEASE
September 6, 2022
Fed Regulators Need to Roll Back Damage, Envision Better Rules
The Federal Reserve should move quickly to reverse Trump-era deregulatory measures, complete rules required under the 2010 Dodd-Frank law, and tackle challenges to improve fairness and equity in the financial system, according to Renita Marcellin, senior policy analyst at Americans for Financial Reform.
The Fed’s new vice chair for supervision, Michael Barr, is outlining his priorities for the Fed’s regulatory agenda this week, AFR released “A Roadmap for the Federal Reserve,” a brief outline of key priorities for the Fed in the coming months and years.
“The Fed will have to grapple with the damage done to prudential regulation by previous appointees while simultaneously tackling ongoing work, like the implementation of new international capital rules,” Marcellin said. “The added prospect of market turbulence of various kinds makes the Fed’s work that much more urgent.”
To schedule an interview with Marcellin, please email the contact above.