Janet Yellen: “So, of course, our finances need to be on a sustainable long-run path, and that is a very critical responsibility for…”

I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.

I think what we found during that time was that implementing strong capital, liquidity, and risk management rules led to a stronger banking system.

I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.

I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.