And the decision was made at the time that the leverage ratio is not our main capital tool, but a backup capital tool that is intended to, in a crude kind of way, base capital requirements on the overall size of a firm's balance sheet.
Janet Yellen
The Public Record
Janet Louise Yellen is an American economist currently serving as the 78th United States Secretary of the Treasury, a position she has held since January 26, 2021. She is a member of the Democratic Party and has a distinguished career in economic policy and public service. Yellen previously served as the Chair of the Federal Reserve from 2014 to 2018, becoming the first woman to hold that role. During her tenure at the Federal Reserve, she focused on issues such as unemployment and inflation, advocating for policies aimed at economic recovery following the 2008 financial crisis.
This administration and Secretary Yellen are not just ignoring our Committee but they are also ignoring... America's main street businesses.
Secretary Yellen has testified a grand total of zero times before this Committee.
Lack of communication... severely obstructs our ability to conduct oversight over critical pandemic relief programs such as PPP.
I would be amazed if the NBER would declare this period to be a recession, even if it happens to have two quarters of negative growth.
A recession is a broad-based contraction that affects many sectors of the economy. We just don't have that.
Clearly, inflation is unacceptably high, it`s President Biden`s top priority to bring it down.
I absolutely agree with the comments you made about [Free File]. It hasn't worked. We need to develop a new system.
I absolutely agree with the comments you made about [Free File]. It hasn't worked. We need to develop a new system.
I absolutely agree with the comments you made about [Free File]. It hasn't worked. We need to develop a new system.
Janet Yellen, who earlier tonight told Wolf Blitzer that she was wrong to call it transitory when she said that inflation had posed only a small risk.





