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Wall Street is fiercely fighting against the Federal Reserve! It's not enough to force the Fed to issue a statement of "cowardice" and take it to court. Just as the Federal Reserve publicly "cowardice" and announced major policy changes to the banking industry's stress tests, it received a lawsuit from Wall Street. On Tuesday local time, the Bank Policy Institute (BPI) officially sued the Federal Reserve, accusing it of using opaque processes to test banks' resilience in its annual stress tests. The lawsuit states that "due to the lack of transparency by the Federal Reserve Board of Governors, the banking industry is facing significant and unpredictable fluctuations in capital requirements
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