Janet Yellen actually said...

The role of lender of last resort is a critical responsibility that central banks fulfill around the world.

Yellen emphasizes the importance of the Fed's emergency lending role.

07/14/2015

More Janet Yellen Quotes

I have never seen the focus in regulation to be politicized at all.

I pledge that we will try to be proactive in looking for--actively looking for ways that we can reduce burden.

The interest we pay on excess reserves will be the key tool that we use in order to raise the Federal funds rate.

It is important to the Fed to be able to put in place the supervision program that we regard as appropriate for a particular institution.