The first thing to know about the changes ahead for banks is that they won't be tailored to let big Wall Street institutions go back to the high-risk practices that triggered the financial crisis.

Rather, the moves will take place more around the edges — cutting compliance costs, freeing up community and regional banks from the same rules as their bulge-bracket peers, and helping out investment advisors who believe they've been targeted unfairly.

The second thing to know about the changes is no one is repealing Dodd-Frank, a term that has become shorthand for the omnibus rules put into place since the crisis.
Getting rid of the entire law would be far too onerous for a $16 trillion industry that already has implemented many of the measures. Unlike the effort to repeal the Affordable Care Act — Obamacare — there's little support for scrapping the entire reform package.
By: CNBC

The Federal Reserve should stick to its plans to continue to raise short-term interest rates despite the economy’s recent “fits and starts,” said Kansas City Fed President Esther George on Tuesday.

“The economy has these fits and starts and we’ve seen this over the last five years,” George said in an interview with Bloomberg Television.

The first quarter does “looks soft” but the Fed should not start “over-interpreting what it means for the longer-term,” George said.

“For the year as a whole, I still see consumer spending in a way that should carry the economy forward,” she said.

By - Marketwatch