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.
Jul 12, 2017
Congress set forth the mandate for monetary policy in the Federal Reserve Act, which directs the Federal Reserve Board to conduct monetary policy so as to promote maximum employment and stable prices.
Jul 12, 2017
I do believe our stress tests and CCAR have very substantially strengthened especially the largest banking firms.
Jul 12, 2017
We are constantly looking for vulnerabilities and recognize that risk can move outside the regulatory perimeter.
Jul 12, 2017
Fiscal policy, we have long known, under current policy is on an unsustainable course.
Jul 12, 2017
I think it is something that could have a favorable impact if appropriately done.
Jul 12, 2017
I believe risk-based capital should be the most important form of capital regulation, that that is what should be binding.
Jul 12, 2017
Well, this is really not a job for the Federal Reserve. It is a job for Congress and the Administration.
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