Fed's Powell: Financial regulation is excessively complex

Author: Adam Button | Category: Central Banks

Fed's Powell

  • 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.