January 7, 2017 / 6:18 PM / 8 months ago

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

Minneapolis Fed President Neel Kashkari speaks during an interview at Reuters in New York February 17, 2016. REUTERS/Brendan McDermid

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

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