Report: The Federal Reserve Weakens the Power of Regulators as Wall Street Pressures for More Outcomes Behind the Scenes
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The Federal Reserve plans to revise official documents related to "Observations" on regulatory opinions. According to sources, by publicly releasing regulatory operation principles, the Federal Reserve aims to make current policy adjustments more enduring and binding. In response, Democrats on Capitol Hill have issued stern warnings, criticizing the current regulatory rollback as undermining the financial system's safety net amid periods of global economic risk.
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