WASHINGTON — Top Federal Reserve Board officials appear to have reached a consensus on how to deal with the "too big to fail" dilemma: wait for the current reform process to play out, but be ready to significantly increase capital standards if the problem remains unsolved.

Fed Chairman Ben Bernanke became the most recent central banker to call for such an approach, saying in a speech to the Chicago Fed conference last week that tougher capital requirements, not size caps, were the solution to "too big to fail."

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