Good news for people who like risky banking.
Stanley Fischer, the vice chair of the Federal Reserve Board of Governors, announced today that he is stepping down. The seven-person board already has three vacant seats, so Fischer’s departure will add a fourth. That means President Trump will have significant ability to reshape the Federal Reserve even before Chair Janet Yellen’s term expires next year.
That reshaping could be much more important for bank regulation than for job growth and inflation. Читать дальше...