Simon Johnson: Fed Should Push To Cut Biggest Banks Down to Size

Simon Johnson: Fed Should Push To Cut Biggest Banks Down to Size
WASHINGTON - APRIL 9: In this handout image provided by the IMF, International Monetary Fund's Economic Counsellor and Director of Research Simon Johnson speaks along side Charles Collyns (C), Deputy Director of the Research Department and William Murray (R), Division Chief of External Relations during a news conference of the World Economic Outlook Press Conference at the IMF Headquarters April 9, 2008 in Washington, DC. The IMF claims that global growth will decelerate in 2008 due to the slowdown of the economy in the United States. (Photo by Michael Spilotro/IMF via Getty Images)
WASHINGTON - APRIL 9: In this handout image provided by the IMF, International Monetary Fund's Economic Counsellor and Director of Research Simon Johnson speaks along side Charles Collyns (C), Deputy Director of the Research Department and William Murray (R), Division Chief of External Relations during a news conference of the World Economic Outlook Press Conference at the IMF Headquarters April 9, 2008 in Washington, DC. The IMF claims that global growth will decelerate in 2008 due to the slowdown of the economy in the United States. (Photo by Michael Spilotro/IMF via Getty Images)

Daniel Tarullo, a governor of the Federal Reserve System, spoke for the first time last week about potentially imposing a size cap on the largest U.S. banks. His language, naturally, was that of a central banker.

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