Banks would rather rely on the Federal Reserve to shoulder liquidity risk than account for volatility themselves, Fed President Neel Kashkari said.
Minneapolis Fed President Neel Kashkari responded to Wall Street's complaints regarding repo operations, telling Axios the bankers don't like the policy because"they think it makes them look weak." The banks would rather rely on the central bank to front the risk than shoulder the burden themselves, he said, calling the action"the height of entitlement if ever there was one.
Minneapolis Fed President Neel Kashkari responded to Wall Street's complaints regarding repo operations, telling Axios the bankers don't like the policy because"they think it makes them look weak." The banks would rather rely on the central bank to front the risk than shoulder the burden themselves, he said, calling the action"the height of entitlement if ever there was one.
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