Is it Friday yet?
The big bank CEOs - including those from JPMorgan Chase (JPM) - Get JP Morgan Chase & Co. Report , Goldman Sachs Group (GS) - Get Goldman Sachs Group Inc. (The) Report , Citigroup (C) - Get Citigroup Inc. Report and Morgan Stanley (MS) - Get Morgan Stanley Report - will be on Capitol Hill Wednesday to discuss regulation in the financial sector post the financial crisis of 2008. They are expected to say that the financial system is less risky and better supervised than it was a decade ago thanks to regulatory reforms that have been implemented, according to The Wall Street Journal.
"There is no doubt that the strength, stability and resiliency of the financial system has been fundamentally improved over the course of the last 10 years," said Dimon in prepared testimony ahead of his appearance Wednesday. "Post-crisis reforms have made banks much safer and sounder in three important areas: capital, liquidity and resolution and recovery."
Jim Cramer weighed in on what he expects from the testimonies and he took an educational look at what it means when any CEO heads to Capitol Hill.
The minutes from the Federal Reserve's meeting on March 20, at which the central bank held interest rates steady and signaled it was unlikely to lift rates in 2019.
Jim Cramer weighed in on what he expects from the Fed's minutes.