Amit Seru is Professor of Finance at the Stanford Graduate School of Business and a senior fellow at the Hoover Institution.
he Federal Reserve has recently begun to overhaul its approach to bank oversight, raising the bar for enforcement and leaning more heavily on data-driven tools. These changes could impede regulators’ ability to identify emerging risks at a time when the US financial system faces hidden losses and structural weaknesses.
Amit Seru
February 13, 2026 at 3:28 PM IST
Via WikiCommons
By acting as a lender of immediate resort, the Fed may have steadied markets, but it also left the underlying incentives unchanged, setting the stage for the next crisis and putting its independence under strain.
December 25, 2025 at 6:01 AM IST
Federal Reserve