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.
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He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.
I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.
The tax cuts passed by Donald Trump and Congressional Republicans... was responsible for many of the problems that we face now with our fiscal trajectory.
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