The level of new construction of residential investment remains quite low relative to underlying demographic trends.
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.
I would like to distinguish between a systematic approach to monetary policy, which I believe we have put in place, and a system that we use that is in line with what other advanced central banks do and a mechanical, mathematical…
Each member of the Board of Governors and members of the FDIC Board are charged with arriving at our own individual judgments as to whether or not these living wills are credible or facilitate resolution, and I cannot guarantee you that we…
We certainly felt in December when we made our decision to raise rates that the economy was recovering, that inflation would move up, and it would likely be appropriate to gradually continue to raise rates, not to cut them.
We only want to move to more normal levels of interest rates if it is consistent with achieving our objectives of 2 percent inflation and maximum employment.
It is critically important to make sure that they hold more capital liquidity.
I was highly attentive to making sure...that I was aware of developments all around our region.





