Fed's Kashkari Clashes With Dimon Over Bank Regulation

JP Morgan CEO Jamie Dimon argues that capital requirements hinder lending, while Neel Kashkari of the Minneapolis Federal Reserve counters that these claims are false and that big banks remain too big to fail. Kashkari emphasizes the need for higher capital requirements and addresses criticism of seeking publicity. He notes support from other Federal Reserve members and stresses the importance of financial reforms to protect taxpayers.

What is Jamie Dimon's main argument regarding capital requirements for big banks?

• They are hindering lending and economic growth.

• They are necessary for economic stability.

• They have no impact on the economy.

• They should be increased to prevent failures.

How does Neel Kashkari respond to criticisms about seeking publicity?

• He focuses on the substance of the issue.

• He agrees with the criticisms.

• He changes his stance on the issue.

• He ignores them completely.

What does Neel Kashkari believe about the 'too big to fail' issue?

• It has been completely resolved.

• It is only a minor concern.

• It is not a significant problem.

• It remains unresolved and needs attention.

What is Kashkari's stance on the role of taxpayers in the financial system?

• Taxpayers should support large banks.

• Taxpayers should not be liable for bank failures.

• Taxpayers should have no involvement in the financial system.

• Taxpayers should only support small banks.

What does Kashkari hope to achieve by continuing to discuss 'too big to fail'?

• To gain more media attention.

• To motivate reforms and inform the public.

• To increase capital requirements for small banks.

• To reduce the number of large banks.