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 are the potential consequences of a trade war as mentioned in the text?

In what ways might the regulatory environment for banks be adjusted post-recovery?