Janet Yellen actually said...

I think that involves very detailed intervention in monetary policymaking that compromises independence.

Yellen warns against compromising the independence of the Federal Reserve through certain legislative initiatives.

02/14/2017

More Janet Yellen Quotes

the Collins Amendment does restrict what is possible for the Federal Reserve.

I believe so.

I will discuss with my colleagues what is appropriate. I do not have a definitive answer for you.

I do not see those excesses having developed at this point.