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Fed’s Kohn Says Financial Regulations Should Be Strengthened

Speaking on 'Money Markets and Financial Stability' at the New York Fed's conference on money markets on Thursday night, Fed Vice-Chairman Donald Kohn (voter) said it was unclear how much strengthening of the U.S. financial regulatory system was needed, but that the need for reforms was evident.

"As I noted at the outset, one important lesson from recent developments is that we need to devote greater attention to money markets...