The Fed chair said that if price pressures persist, the central bank can keep rates steady 'as long as needed.'
David Bailin is exiting the banking giant’s ranks after 15 years of service.
Net new assets for the wealth unit totaled $95 billion, higher than the two previous quarters combined.
Wall Street strategists say $52 billion worth of long positions on the S&P 500 pose risk.
Betting on the greenback's resilience comes at a price.
Index highlights international weakness as US economy remains robust.
Given strong US growth and sticky inflation, the Fed's next move could be to tighten again, pushing its benchmark rate as high as 6.5 percent.
The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.
The surprise surge was led by traders, and by bankers who cashed in on a resurgence in dealmaking.
Traders bet on no further escalation of the conflict after Iran attack.
