While many of us believe that the Dodd-Frank Act already gives the Federal Reserve the authority to distinguish between insurance companies and banks when promulgating capital standards under the Collins Amendment, the Federal Reserve has made statements publicly that it does not believe it has the statutory authority to do so.
Yellen discusses the Fed's authority under the Dodd-Frank Act regarding insurance and banking capital standards.
Share
More from Janet Yellen
The price cap on Russian oil has significantly reduced Russian revenue over the last 10 months.
The President has been very clear that no family earning less than $400,000 will face a tax hike.
How is it that our corporations, our multi-nationals would remain competitive if they pay a rate on their foreign profits that is higher than 15 percent?
We need to enact policies to make sure that the debt stays sustainable and we are on a fiscally sustainable path.
Other voices in this conversation
