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June 7, 2011, 4:52 p.m. EDT

Bernanke tells Dimon no rule-impact study done

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By Steve Goldstein


WASHINGTON (MarketWatch) -- Responding to a question and detailed list of new rules from J.P. Morgan Chase /quotes/zigman/272085/quotes/nls/jpm JPM -0.75% Chief Executive Jamie Dimon, Federal Reserve Chairman Ben Bernanke said no comprehensive study of the new rules on credit has been conducted. "It's been the most comprehensive financial reform since the 1930s, we don't have quantitative tools to do that," Bernanke said. "There is going to be some trade-off here," he said, adding the rules could be tweaked later.

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Jan. 27, 2012 4:01p

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