Janet Yellen: “I think it is important to look very carefully at the risks posed by the asset management industry, including BlackRock…”

There will be a negotiation over what to do when these tax cuts expire.

the Biden Administration has generally taken the view that it is up to Congress to decide what to do about that.

But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.

We will respond to the letter, and I don't really have more to say about that.