Janet Yellen

A key purpose of the [G-SIB] capital surcharge is to require the firms themselves to bear the costs that their failure would impose on others.

Too many Americans don't have access to easy payments systems and banking accounts, and I think this is something that a digital dollar, a central bank digital currency, could help with.

The IRS is doing a terrific job in implementing the Child Tax Credit program.

The Emergency Capital Investment Program is a tremendously important initiative that will really strengthen the capacity of CDFIs.

When Treasury--I mean, in this specific case, when the sanctions went into effect, there was a 45-day wind down period to allow U.S. businesses to conclude dealings and prevent undue or immediate harm to them.

The Treasury and the Biden administration feel very strongly about having a Tax Code and enforcement of that Tax Code that is fair and doesn't unduly burden working people at the expense of corporations and wealthy individuals.

I support, and will pursue actions that provide aid to fully distribute the vaccine, reopen schools, deliver badly needed aid to State and local governments.

I signed the amicus brief because I was persuaded by the argument that Professor Card made and the strength of his empirical work.

Right now, taking too little action poses the greatest risk to the health of our economy.

I do believe that capital gains should at some point be taxed.

We need to preserve these programs, and certainly preserve the benefits, especially for lower-income Americans who depend on them.

The smartest thing we can do is act big.

We cannot solve the climate crisis without effective carbon pricing.

We finally got them off of it.

Our response must be too.

I too want to say that I both enjoyed my working relationship with you during my years at the Fed.

President-elect Biden has proposed raising the minimum wage to $15 an hour because right now we have millions of American workers who are putting their lives on the line to keep their communities functioning.

But more must be done.

I promise you that I will be fully focused on putting into place, at every level, relief for these communities.

We will certainly give priority to studying this issue and coming up with ideas about what should be done.

These values must be reflected in our tax system as well.

Members of the committee, these are very ambitious goals, and I know we will need to work together.

We need to avoid that, for sure.

Sanctions are a tool that can be very effective, and I pledge to work with you on implementing them.

Yes, we are committed to the cooperative multilateral effort to address base erosion and profit shifting through the OECD/G20 process.