Sen. Cramer Questions Federal Reserve Chair on Increasing Capital, Changing Existing Liquidity Requirements
June 23, 2023
June 23, 2023
WASHINGTON, June 23 -- Sen. Kevin Cramer, R-North Dakota, issued the following news release:
U.S. Senator Kevin Cramer (R-ND), during a Banking Committee hearing on the Semiannual Monetary Policy Report to Congress, questioned Federal Reserve Chair Jerome Powell on increasing capital and reevaluating existing liquidity requirements should another bank failure occur.
"I can't fathom why the Fed would want to raise capital requirements when we could be facing what's . . .
U.S. Senator Kevin Cramer (R-ND), during a Banking Committee hearing on the Semiannual Monetary Policy Report to Congress, questioned Federal Reserve Chair Jerome Powell on increasing capital and reevaluating existing liquidity requirements should another bank failure occur.
"I can't fathom why the Fed would want to raise capital requirements when we could be facing what's . . .