Too-tough capital rules may stifle U.S. lending: Fed's Kashkari

By Patrick Rucker
WASHINGTON (Reuters) – Regulators may hurt the economy and push borrowers toward non-bank lenders if they set too-high capital standards for Wall Street, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said on Monday.
The U.S. banking system needs deep reform to prevent a repeat of the 2008 financial crisis and Wall Street firms should hold more capital to brace against economic shocks, said Kashkari, who was a Treasury Department official under the G