Federal Reserve Couldn’t Pass A Stress Test, Says Former Fed Economist

As the most systemically important financial institution in the country, it was only a matter of time before someone asked the question: what would happen if we applied the same standards to the Federal Reserve that the Fed has been applying to major banks like Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC) during its annual stress test?

Federal Reserve would flunk its own stress test: Hein

“If the Federal Reserve were a commercial bank it would probably flunk its own stress tests,” writes Texas Tech University finance professor and former senior economist at...