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"We
do think that the Republicans will come up with a modest tax
cut, similar to what we saw under the second Bush
administration," Beth Ann Bovino told a capital markets
conference in Tel Aviv.
Bovino also said she expects the U.S. Federal Reserve to raise
interest rates 25 basis points on Wednesday. A quarter
percentage point rise would be the second nudge upwards this
year following a similar move in March.
She also said she expects "stress tests could be softened a bit"
for banks, in line with a U.S. Treasury Department plan unveiled
on Monday to reduce restrictions that big banks face in their
trading operations and ease their annual stress tests.
(Reporting by Ari Rabinovitch, Editing by Tova Cohen)
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