WASHINGTON—The Federal Reserve’s new regulatory chief said Wednesday that the central bank should be more attuned to making the financial system safer and fairer to consumers, while signaling he would conduct a more-rigorous review of bank mergers.
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The remarks from Fed Vice Chairman
his first in public since taking office July 19, suggest a more aggressive approach to overseeing Wall Street than that of his Republican predecessor
Mr. Barr said he aims to evaluate how the Fed reviews proposed bank tie-ups and to assess “where we can do better,” speaking at an event hosted by the Brookings Institution, a Washington think tank.
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