Fed's Powell: “a lot of room” to reduce Volcker rule - UOB

Analysts at UOB noted the recent chat from Fed officials.

Key quotes:

"Federal Reserve Governor Powell said there is “a lot of room” to reduce Volcker rule burden on less complex institutions and is confident regulators will reach deal on “significantly less burdensome” Volcker rule. He does not comment on meeting with Trump about Fed chair position."