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Society & Culture
April 27, 2020 | 11:54 am

Narayana Kocherlakota to Fed: Stop banks from paying dividends

In advance of this week’s Fed meeting, Kocherlakota calls on the Fed to prohibit banks from paying dividends to shareholders. “Banks should be keeping as much capital as they can,” he says.

topics: Department of Economics, economy, federal open market committee, federal reserve, FOMC, Narayana Kocherlakota, School of Arts and Sciences,