On the recordMarch 7, 2023
We are required by the law now and we are doing this. Dodd-Frank actually required us.
Source
congress.govWe are required by the law now and we are doing this. Dodd-Frank actually required us.
Powell explains the legal requirements for regulating banks under Dodd-Frank.
Share
More from Jerome Powell
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
When you significantly slow the growth of the labor force, you will slow the growth of the economy.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.