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Federal Reserve Board Vice Chair for Supervision Michael S. Barr described the recent "endgame" proposal to raise capital requirements for large banks as "the last major plank to address gaps in regulation dating from the Global Financial Crisis" and argued that "the benefits of the proposal would outweigh the costs."

Federal Reserve Board Chair Jerome H. Powell swore in FRB Governor Philip N. Jefferson as Vice Chair, and FRB Governor Lisa D. Cook and Dr. Adriana D. Kugler as Board members.