Caitlin Long criticizes Fed program as ineffective for banks

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Anastasiia Chabaniuk

15.08.2025

Caitlin Long criticizes Fed program as ineffective for banks — @CaitlinLong_: Caitlin Long criticizes Fed program

Caitlin Long, a notable figure in the finance sector, has criticized a Federal Reserve program aimed at addressing novel banking activities.

According to Long, congressional staffers openly ridicule the initiative, dubbing it a "novel activities squashing program." The program's lack of progress is evident, as no new banks have joined or left since its inception. This critique underscores concerns over the efficiency and impact of the program, with Long suggesting that it has not facilitated any significant changes in the banking industry over an 18-month period.

The permanence of this situation raises questions about the program's overall utility and effectiveness in achieving its intended goals.

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