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The House Financial Services Committee considered testimony from witnesses on the impact of, and interaction between, recent regulatory banking proposals to implement Basel standards and increase capital requirements.

Commentary by Steven Lofchie

Senator Elizabeth Warren (D-MA) asked Treasury Secretary Janet L. Yellen, in her role as Chair of the Financial Stability Oversight Council, to address risks to U.S. financial stability caused by the Federal Reserve Board's "rapid increase" in interest rates.