ATLANTA — Federal Reserve Bank of Boston president Eric Rosengren said Wednesday that the financial crisis shows the need for more bank capital.
Speaking at the Federal Reserve Bank of Atlanta’s annual Financial Markets Conference, he said that “macro-prudential supervision” is needed to reduce the likelihood of failure of large, systemically important institutions.
Rosengren, a voting member of the Fed’s interest rate-setting Federal Open Market Committee, confined himself to financial supervisory issues and did not talk about the economy or monetary policy.
But he did say that the fallout from the financial crisis continues to “impede” the recovery.
— Market News International
