Fed's Powell: U.S. economy is 'at or close to full employment'

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'