Fed's Kashkari says he's optimistic about bank plan under Trump

Reuters News
Posted: Jan 07, 2017 1:17 PM

CHICAGO (Reuters) - Neel Kashkari, the president of the Minneapolis Federal Reserve Bank who wants to force U.S. banks to hold more capital in order head off a future financial crisis, on Saturday said he was optimistic about his plan's chances under incoming president Donald Trump.

"I'm optimistic that if Congress now says we are going to take a fresh look at bank regulation, we are going to take a fresh look at Dodd Frank, there may be a real opportunity to weigh in and say, let's be much more aggressive on capital requirements," Kashkari told the American Economic Association.

(Reporting by Ann Saphir; Editing by Chizu Nomiyama)