Fed's Powell: Financial regulation is excessively complex
- US can't return to highly vulnerable banking system
- US needs national focus on boosting growth pace
- Higher thresholds will leave small firms less burdened
- US economy is at or close to full employment
He mostly focused on regulation but touched on monetary policy.
If the Fed is going to back away from June, I think it will be similar to how they handled the March hike. They'll leave the market guessing until a week or so before the blackout period.