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 know it has been alleged that that was a weakening of the requirements. It absolutely was not in any way a weakening of our requirements.
I think it is important to take a step back here and to recognize that we lived through a devastating--
I think the approach that we have currently that is in Dodd-Frank is quite adequate.
I pledge that we will try to be proactive in looking for--actively looking for ways that we can reduce burden.
The interest we pay on excess reserves will be the key tool that we use in order to raise the Federal funds rate.
It is important to the Fed to be able to put in place the supervision program that we regard as appropriate for a particular institution.
I think the United States was very fortunate that from the Great Depression until 2008 we never suffered a major financial crisis.
Absolutely not. And there was nothing, as far as I know, about 'full investigation.'





