Financial Stability Council Boosts Economic Growth
Update: 2025-12-12
Description
The Financial Stability Council has voted to simplify regulations, aiming to boost economic growth and reduce undue burdens on the financial system. Secretary Bessent, who proposed these changes, argues that past regulations have been overly complex and sometimes duplicative, hindering economic expansion. The councils goal is to ensure regulations are effective without stifling economic activity. Stronger economic growth is seen as crucial for financial stability, as it helps banks build capital reserves and households and businesses become more resilient to economic shocks. A new working group focused on household resilience will monitor consumer financial health and look for early warning signs of stress. The council is also exploring how artificial intelligence can promote and potentially risk financial stability.
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