We are very committed to both parts of the dual mandate--price stability and maximum employment.
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.
There is no spin here. Our confidence in the economy has improved, and when we raise rates, it will be a signal in our confidence in the underlying fundamentals.
I feel we have given detailed feedback and adequate information, and if we do not see the progress we expect, we are fully prepared to declare the living wills to be not credible.
we absolutely recognize in the Federal Reserve that the largest banks and those closer to $50 billion are quite different.
I think Congress has made painful decisions that have now really stabilized, brought down the deficit very substantially and stabilized for a number of years the debt-to-GDP ratio.
I have said on a number of occasions that the rise we have see in inequality in the United States is a great concern to me.
I am certainly not seeking in any way to alter Dodd-Frank at this time. It is a framework that is----
Well, we would have some responsibility for this if it affected the operations of a bank in the United States.
I think it is important to deal with these issues, for the Congress to do so.
I also worry that if we were to again be hit by an adverse shock, there is not much scope to use fiscal policy.





