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DARK SECRETS: Us fed proposes easing key banking rule | Vintage Vibes

US Federal Reserve Jerome Powell Adriana Kugler Michael Barr

Chairman of the US Federal Reserve Jerome Powell speaks with Fed vice chair for supervision Michelle Bowman (L), as he chairs a Federal Reserve Board open meeting (Credit: AFP)

The US Federal Reserve released plans Wednesday to relax a key capital rule for major banks, a move they say can help facilitate Treasury market trading.

The Fed board voted 5-2 to propose amendments on a measure introduced after the 2008 global financial crisis, that requires banks to hold a certain amount of capital relative to their assets.

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