[ by Melanie Gretchen ] William Dudley, New York Federal Reserve president, shed an optimistic forecast on the U.S. economy.  Here are quotes from his CNBC interview.

"I think the European leadership is very committed to European Union" - on Europe's economic problems, the Volcker Rule, and why U.S. banks now have more capital and cleaner balance sheets.

"If you look at the 6-month moving average over payroll employment, you do see things have accelerated a little bit, which is a good thing" - on why he expects economic growth to pick up and is cautiously optimistic on the U.S. economy.

Sallie Krawcheck, former Merrill Lynch Wealth Management CEO, weighed in, with final thoughts on JPMorgan's trading loss: "I think it comes back to the issue of complexity. Members of a big bank have been very, very complex.  The details they're given are significant and wide ranging, so what I try to do is go through that for my experience within the companies as an analyst, try to cut through and say there are a few tools they have to cut this through complexity:

One of them is compensation, another dividend policy, looking at businesses doing well. not just the ones doing poorly, and watching customer metrics.  In terms of the compensation, that's the stick approach or the care approach too.  We've taken an approach it's more equity held for a longer period of time.  I don't think anybody would look at the downturn and say they didn't have enough equity.  I think there's time for a rethink here to have a bit of a risk mitigation and moderation through these teams.

For the full videos, go to [CNBC, 5/24/12] - [Part 1] and [Part 2].