Janet L. Yellen: “Those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank…”

Historically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.

Those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.

The guidelines that we have put in effect for all Treasury employees... conform with OMB and Administration guidance.

I am heartened that Congress passed crucial support for Ukraine and for other allies.