Waller Proposes Centralizing Regional Fed Operations

Federal Reserve Governor Christopher Waller proposed centralizing regional bank operations. He suggested moving business functions to national system lines.

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Federal Reserve Governor Christopher Waller has proposed a major overhaul of the operational framework governing the 12 regional banks in the United States. Speaking at the Brookings Institution in Washington, Waller advocated for the consolidation of essential business functions to improve efficiency across the central banking system.

Federal Reserve Governor Christopher Waller addresses an audience during a financial conference in New York. REUTERS/Brendan McDermid
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