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Fed's Kashkari Sees Brexit Financial Stability Risks for U.S. as 'Likely Modest'; Thinks U.K. in EU is Best Outcome

June 20, 2016 2:10 PM EDT

Federal Reserve Bank of Minneapolis President Neel Kashkari gave a speech to the third symposium on Ending Too Big to Fail at the Peterson Institute in Washington, D.C., today.

The following is a transcript of Kashkari's speech:

Good afternoon. Thank you, Adam, for that kind introduction and for you and your colleagues at the Peterson Institute co-hosting this important event with us. Scholars at the Peterson Institute have been leaders in addressing financial stability and systemic risk issues, and we are pleased to collaborate with you on todays event. Before I begin, I would just... More