Fed's Lockhart Warns of 'Out of Hand' Protectionism

The video features a discussion on global experience, protectionism, and its potential risks, including trade wars. It also covers the speaker's banking career, focusing on regulations like Dodd-Frank and their impact on the industry. The concept of regulation as a pendulum is explored, highlighting the need for differentiation between systemically important institutions and smaller banks.

What is a potential consequence of unchecked protectionism according to the speaker?

• A trade war

• Stable international relations

• Increased global cooperation

• Economic prosperity

What is the main concern of Republicans regarding the Dodd-Frank Act?

• It increases bank competition

• It reduces bank profits

• It hinders bank lending

• It promotes excessive bank lending

According to the speaker, what is the purpose of higher capital requirements?

• To create a safer banking system

• To promote international trade

• To reduce bank competition

• To increase bank profits

How does the speaker describe regulation in the context of banking?

• As a random occurrence

• As a linear progression

• As a pendulum

• As a static process

What does the speaker suggest about regulatory approaches for different types of banks?

• Smaller banks should have stricter regulations

• Regulations should be abolished for all banks

• Systemically important institutions need stricter regulations

• All banks should have the same regulations