I think we have a much safer and sounder financial system than we had pre-crisis, but as I indicated, we need to do more.
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 think it is important for Congress to recognize that as the economy recovers and both short- and long-term rates move up, a situation in which the Government's funding costs remain as low as they are, if we are successful in achieving…
We are certainly trying to be faithful to the intent of this rule, which is to eliminate short-term financial speculation in institutions that enjoy the protection of the safety net.
I would argue that we cannot have normal rates unless the economy is normal.
I strongly believe that monetary policy is most effective when the public understands what the Fed is trying to do.
the objective of our policy is to broadly benefit all Americans, especially those who were seeing harm come to them
It is extremely important for our banks to have more capital, higher-quality capital.
addressing too big to fail has to be among the most important goals of the post-crisis period.
I led the effort to adopt a statement of the Federal Open Market Committee's longer-run objectives, including a 2-percent goal for inflation.
I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery.





