Janet Yellen

We clearly want to see continued improvement in the labor market, and we want to do nothing that would threaten that.

So I would push back against the notion that we are unduly affected by the ups and downs of the stock market.

My own preference would be to be able to proceed to tighten in a prudent and gradual manner...

It is very important for there to be a long-term debt requirement.

I did indicate my concern with the sustainability of the debt path that the Unites States is on.

You should be aware that interest rates are likely to rise and that will raise the interest cost of the debt.

Congress should expect, and this is embodied in CBO projections that as the economy recovers, short-term interest rates will rise.

Community banks are really vital to local economies.

Certainly, education and training are matters that are within Congress' domain to consider how to make sure that individuals have access to a world-class education that is going to enable them to earn a higher wage.

I do think it is important for Congress to try to resolve those issues.

We are not going to raise rates if we think it is going to tip the economy into a recession.

Monetary policy has been aimed at trying to achieve a strong recovery in the job market.

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

There are a number of obstacles that banks see to lending...

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

We have been working to improve implementation of the CRA regulations with other banking regulators...

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

I strongly endorse, and the FOMC strongly endorses following a systematic policy.

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

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

There is more work to do to put fiscal policy on a sustainable course . . .

Yes. I am talking about--

At this point this year, I think fiscal policy is relatively neutral.

I think in the early years after the financial crisis, fiscal policy provided considerable support to the recovery.

Dodd-Frank gave us numerous tools to deal with too-big-to-fail, and we have used them.