Fed Governor Jerome Powell crossed the wires, via Reuters, saying that the U.S. economy is at or close to full employment.
Key quotes (via Reuters):
- Fed is considering changes to supervisory expectations for bank boards of directors
- Changes would avoid an ever-increasing checklist for bank boards of directors
- Core post-crisis financial reforms should be protected but new rules are excessively complex
- U.S. economy is 'at or close to full employment'