We have had widening wage inequality and income inequality in this country going back to the mid- to late-1980s, and that continues.
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.
no one who lived through that financial crisis would ever want to risk another one that could subject the economy to what we are painfully going through and recovering from.
It is the role and responsibility of market regulators, particularly the CFTC here, to be looking into possibilities of market manipulation.
While many of us believe that the Dodd-Frank Act already gives the Federal Reserve the authority to distinguish between insurance companies and banks when promulgating capital standards under the Collins Amendment, the Federal Reserve has…
I agree that fiscal policy has been working at cross purposes to monetary policy.
Too big to fail is damaging. It creates moral hazard. It corrodes market discipline.
I will need to study this issue more closely in terms of what FSOC's procedures are, but I feel it should be clear why a particular firm has been designated if that occurs.
my hope and expectation is that would change, and if we can generate a more robust recovery in the context of price stability, that all Americans will see more meaningful increases in their well-being.
We are involved in a very comprehensive review of commodities activities in financial holding companies.





