Janet Yellen actually said...

we absolutely recognize in the Federal Reserve that the largest banks and those closer to $50 billion are quite different.

Yellen acknowledges the systemic differences between large banks and those near $50 billion in assets.

02/23/2015

More Janet Yellen Quotes

I don't agree that a rules-based policy is a better way to go.

It is hard to say. Certainly, lending standards are much tighter than they were in the run-up to the financial crisis...

I have long said, and my predecessors have as well, that we think it would be desirable to see Congress address GSE reform.

I certainly stand ready to respond to requests of this committee for me to testify.