Neel Kashkari will participate in the Federal Open Market Committee, which sets U.S. monetary policy
The Fed expects slower growth, lower inflation next year and in 2017
The vast majority of respondents expect the increase to happen in December, not September or October
A key purpose of the capital surcharge is to require banks to bear the costs that their failure would impose on others
General obligation U.S. state and municipal bonds may quality as high-quality liquid assets
Regulators are planning to introduce capital surcharges for the largest, most systemically important banks
The report should not affect the timeline for the normalization of U.S. monetary policy, economists say
Tests will look at three different scenarios
Tthere are several risks surrounding the Fed’s path to more normal rates
Banks granted additional time to address capital planning weaknesses identified during Fed stress tests