Yellen's Jackson Hole Symposium: key takeaways and comments
|Market's were let down today from the lack of monetary policy guidenece or anything specifically pertaining to the Fed's outlook on the US economy and instead were delivered what actually had been expected.
Key takeaways and comments from Yellen:
- Fed's Yellen says any adjustments to u.S. Financial regulations should be only modest
- Yellen acknowledges criticism of reforms since crisis but says they have made financial system safer
- Memories of the costs of global financial crisis 'may be fading'
- 'Core' reforms have boosted financial resilience without limiting credit, growth
- Some reforms may be affecting market liquidity
- Open to reviewing Volcker rule, supplementary leverage ratio
- Research still limited, fed will continue to evaluate effects of reforms
- Yellen cites private-sector signals that banks are safer
- Yellen does not mention monetary policy in prepared remarks at Jackson Hole
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