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The Fed official praised the SEC for "cracking down on" the coin-offering frauds that have "fleeced" people for billions of dollars.
The statement comes five days after the Fed signaled a pause to further cuts, leading analysts to speculate about a future rate hike.
‘The height of entitlement’: A Fed president retaliates against banker complaints over capital-injection operations
Banks would rather rely on the Federal Reserve to shoulder liquidity risk than account for volatility themselves, Fed President Neel Kashkari said.
"I see no evidence that the U.S. economy is running at capacity or beyond capacity," Kashkari said Thursday.
"We are forgetting the lessons of the 2008 crisis," Kashkari told a group at Howard University.
"If you're not raising wages, then it just sounds like whining," Kashkari said.
The January meeting was Kashkari's first as a voting member.
Since the heyday of the financial crisis, politicians and activists have been calling for the end of "Too Big to Fail" banks.
Neel Kashkari, the newly appointed President of the Minneapolis Fed, thinks we need to break up big banks.
Paul Krugman is not thrilled with Neel Kashkari's appointment as president of the Federal Reserve Bank of Minneapolis.