The fed argues these changes are about efficiency, streamlining processes, and focusing on “critical risks.” but critics see a different picture A gamble with the stability of the entire financial system, potentially paving the way for a repeat of the 2008 crisis. The fed is cutting bank oversight The regulator is cutting staff and easing oversight in ways that critics say might make supervisors less equipped to spot a crisis in advance. Federal reserve chair jerome powell tells a news conference about the us central bank's decision to cut its key interest rate by 0.25 percentage points this is the fed's first cut this year and. The federal reserve cut interest rates by a quarter percentage point wednesday in an effort to prop up the sagging u.s
The move comes as fed policymakers face mounting pressure from.
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