TechFlame News - According to Jinshi, the proposal released by the Federal Reserve on Thursday will relax capital requirements for large Wall Street financial institutions, potentially freeing up billions of dollars for lending, stock buybacks, and dividend payments. Federal Reserve Vice Chair Michelle Bowman stated that these changes will strengthen the overall capital framework and maintain its robustness. The proposal will undergo a 90-day public consultation period and is expected to result in a "modest reduction" in capital requirements for major banks.