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 | Treasury considers new ways for Fed to use powers Posted by Sam Erica on 4/29, 4:58pm | |
| If you weren't afraid of the financial situation and federal powers already, you should be now! The Federal Reserve could use proposed new regulatory powers to try to stop credit and asset market excesses from reaching the point where they threaten economic stability, the US Treasury said on Tuesday. David Nason, assistant secretary for financial institutions, said the Fed could even use its proposed “macro-prudential” authority to order banks, hedge funds and other entities to curtail strategies that put financial stability at risk. | ||
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