Bankers Back Some Fed Reforms, but Not All

A recent survey of bank executives by IntraFi found that more than half support some form of Federal Reserve reform, but opinions vary on what those changes should look like.

The survey, which polled over 400 community bank leaders, found that 54% support the idea of the Fed considering a wider range of data when setting monetary policy. IntraFi's chief content officer, Rob Blackwell, pointed out that reduced communication from the Fed could be a cause for concern.

'The idea that the Fed is going to communicate less, I think, would cause some level of anxiety about just how much less and whether that drop in communication results in banks not knowing things they otherwise would,' Blackwell said. 'It's potentially a substantial change to the way things are, so it makes sense that some banks would look at that and say 'Yeah, I don't know about that at all.'