Janet Yellen

I believe we have done a great deal since the financial crisis to strengthen the financial system and to make it more resilient.

The implementation of it has been very complex and burdensome.

Well, this is really not a job for the Federal Reserve. It is a job for Congress and the Administration.

I cannot give you a definite timetable for our reconsideration of this, but it is something where perhaps our regulations had an unintended consequence, and we are looking at that carefully.

I think there is scope there to have a favorable impact on long-term economic growth.

I think it is something that could have a favorable impact if appropriately done.

I would support the principles that Governor Powell put forward.

We certainly consult with one another and try to make sure we meet regularly and discuss our policy approaches.

There is a lot that the banking regulators can do on their own.

I wouldn't apply it to community banks.

We are not usurping the laws. We are making sure that companies operate in a safe and sound fashion and that their boards of directors--

I regard the Federal Reserve as one of the most transparent central banks in the world.

What we are talking about is political interference in decision-making by the Committee.

When some groups do disproportionately well and others seem to be lagging behind, there is a sense of its being a very unfair system.

Congress has passed laws that place obligations on us to supervise these financial institutions.

I would prefer to get back to you with a suggestion on that.

I am very concerned about inequality in income and wealth.

I intend to serve out my term and not--

I think that involves very detailed intervention in monetary policymaking that compromises independence.

The National Federation of Independent Business's most recent survey shows that only 4 percent of business owners regard themselves as not having all of the loans available to them that they would ideally like.

I think that bringing GAO into routine real-time reviews of our policy decisions simply compromises the independence of monetary policy.

Loans, core loans, and C&I lending has certainly increased at a solid pace in recent years.

I certainly do agree with the core principles.

I believe it is important to provide that education, and I try to do so in my testimony, and press conferences, and our minutes, and our monetary policy report.

The statement that the U.S. economy is at or near full employment pertains to the national economy.