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Yellen and Draghi Both Defend Post-Crisis Financial Regulation

  • Jackson Hole speeches a ‘shot across the bow’ of rules foes
  • Draghi says rollback especially dangerous amid accommodation
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The Takeaways From Draghi's Jackson Hole Speech

The world’s two most powerful central bankers on Friday delivered back-to-back warnings against dismantling tough post-crisis financial rules that the Trump administration blames for stifling U.S. growth.

European Central Bank President Mario Draghi, speaking at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, said it was a particularly dangerous time to loosen regulation given that central banks are still supporting their economies with accommodative monetary policies.