Two regional Fed presidents have taken on the Dodd-Frank financial regulatory reform law today.
Earlier, SF Fed’s Williams said too-big-to-fail was still with us and that Dodd-Frank had not fixed that problem.
Moments ago, new Kansas City Fed president George said she does not think that Dodd-Frank will prevent future busts.
They are both spot-on…
Regarding the economy, George says she is more worried about financial contagion from Europe than a recession in Europe impacting the US economy negatively.
