Back-to-back warnings from the most powerful central bankers

The tough post-crisis financial rules that the Trump administration blames for stifling US growth

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

That warning followed earlier remarks by Fed Chair Janet Yellen, who offered a broad defence of the steps taken since the 2008 financial-market meltdown and urged that any rollback of post-crisis rules be “modest.”

The combined