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| June 24, 2017

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Fed official stands by Wall Street reforms, says must complete work -

New York Fed President William Dudley takes part in a panel convened to speak about the health of the U.S. economy in New YorkThe United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. Dudley's comments, to a Group of 30 meeting of top world regulators, came a day after another powerful regulator at the U.S. central bank, Daniel Tarullo, also warned against "backsliding" after years of implementing the landmark 2010 Dodd-Frank financial-reform law. Challenges especially remain in regulators safely and smoothly handling the hypothetical failure of a massive bank with operations in multiple jurisdictions, Dudley said.



Economy News Headlines – Yahoo! News

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