Janet Yellen actually said...

"Whenever we put out a regulation--an example would be our recent capital regulations implementing Basel III--we put out a special guide to show what is relevant to community banks, that they can ignor..."

"I think it is essential that the path of debt to GDP be one that is sustainable over time."

"I completely agree with you that community banks were not the source of the financial crisis, and my colleagues and I do not want to see them caught up in unnecessary regulatory burden."

"I would not favor trying to raise our inflation objective above where it is."