I think that small community banks really are suffering from regulatory overload.
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.
millions of Americans would have suffered unnecessary spells of joblessness over that period.
it would subject us to regular GAO audits of our monetary policy decision-making.
I would see such a process as inhibiting our ability to take timely and necessary supervisory actions to address a firm's risk.
I think that we have improved capital standards by raising the quantity and quality of capital we demand particularly of the most systemic organizations.





