The objective of reducing the regulatory burden for small and medium-sized institutions is attracting more and more supporters. Speaking in Jackson Hole at the weekend, Chair of the United States Federal Reserve Janet Yellen spoke in favour of reducing the burden on smaller institutions.1 Achieving this goal will be no stroll in the park, however.
We must do a better job of giving our current workers and the next generations the skills needed to grab the highly productive, knowledge-based jobs to which demand will continue to shift. I cannot tell you exactly in what sectors or industries these jobs will be; government is not good at picking winners and losers.