I think it is, to me, very clear that financial institutions are much stronger, safer, sounder, more resilient, better capitalized, more liquidity, less risky, and all of those things than they were before the financial crisis and Dodd-Frank certainly gets some of the credit for that.
Powell asserts that Dodd-Frank has strengthened financial institutions post-crisis.
Share
More from Jerome Powell
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
Other voices in this conversation
