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Yellen Warns Against Erasing Regulations Made After Financial Crisis
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Janet Yellen, Fed chairwoman, says the financial system is safer now after the financial regulation, stress testing, living wills and other changes that the Federal Reserve has implemented. She says there is no need for a reduction in these key regulatory rules. One of the changes is that banks now use a safer mix of financing- equity financing has doubled for capital, and wholesale borrowing is cut in half, since the 2008 financial crisis that took the U.S. and with it the global financial system to the brink of disaster. The appointment of Randall Quarles to the Fed by the Trump administration was intended to reduce regulation, and this is Yellen's response to such proposed ideas.
Daniel Tarullo, Kenneth Gibson, Timothy Clark, of the Large Institution Supervision Coordination Committee at the U.S. Federal Reserve- guardians for a safer U.S. financial system
03/05/2015
Hilsenrath provides this illuminating account of how Daniel Tarullo has led the effort to build a safer U.S. financial system since the financial crisis of 2008. Tarullo was placed in charge of the LISCC as the focal point of bank supervision by Fed chairman Ben Bernanke. Under Janet Yellen the New York Fed bank supervisors now report to Tarullo directly and the Federal Reserve sets the rules for bank safety, as the New York Fed's Dudley was seen as not effective in bank supervision. Tarullo has pointed out out that he was getting tired of cleaning up the mess left by other bank supervision agencies. Kenneth Gibson and his deputy Timothy Clark, assist Tarullo in running the LISCC in conducting stress tests and setting rules for bank supervision. The trio may be some of the most unsung heroes who helped clear the mess left from ineffective bank supervision from the pre 2008 period. Sheila Bair former head of the FDIC and Tarullo provided a remarkable service to the nation in this critical period of putting the nation back on its feet after the errors leading to the financial crisis of 2008.
Grouped Articles
Washington Strips New York Fed’s Power
Wall Street Journal 03/05/2015
Banks Bend, Don’t Break Under Fed Stress
Wall Street Journal 03/06/2015
Fed’s Tarullo Reiterates Support for Raising “Systemically Important” Threshold
Wall Street Journal 03/20/2015
Fed’s Yellen: Stock Valuations ‘Generally Are Quite High’
Wall Street Journal 05/07/2015
Janet Yellen and Fed Predecessors Find Common Ground Onstage
New York Times 04/07/2016
Yellen Warns Against Erasing Regulations Made After Financial Crisis
The New York Times 08/25/2017
U.S. Federal Reserve chairwoman Yellen on extreme inequality in the U.S. and how it reduces the economic mobility that aids recovery
10/16/2014
The Fed chairman tells a Boston Fed conference on inequality that it is fair to ask whether equal opportunity on which Americans place importance is not a part of core American values.
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Fed’s Yellen Says Extreme Inequality Could Be Un-American
Wall Street Journal 10/17/2014
Janet Yellen Warns of Inequality Threat
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How Quantitative Easing Contributed to the Nation's Inequality Problem
New York Times 10/22/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
Yellen’s First Year at Fed: A Remarkably Steady Course
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Income Inequality Is Costing the U.S. on Social Issues
New York Times 04/28/2015
Fed chairwoman as listener with empathy for the unemployed and different opinion on the FOMC- a remarkable Janet Yellen in 2014-2015
12/22/2014
Janet Yellen brings a remarkable change of tone at the Fed as she listens to unemployed workers, listens carefully to committee members, speaks at the end of meetings careful to summarize varying opinion, and calms volatile financial markets in 2014.
Grouped Articles
Yellen’s First Year at Fed: A Remarkably Steady Course
New York Times 12/22/2014
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
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Joel Peterson of JetBlue on Listening Without an Agenda
New York Times 05/09/2015
Janet Yellen and Fed Predecessors Find Common Ground Onstage
New York Times 04/07/2016
Years of Fed Missteps Fueled Disillusion With the Economy and Washington
WSJ 08/26/2016
Fed, With 3 Officials in Dissent, Stands Firm on Interest Rates While Noting Improving Economy
The New York Times 09/21/2016
Randal Quarles as the Republican choice for Fed Governor and vice chair of bank supervision in 2017
07/11/2017
Grouped Articles
Trump to Nominate Randal Quarles as Fed Bank Regulator
WSJ 07/11/2017
Yellen Warns Against Erasing Regulations Made After Financial Crisis
The New York Times 08/25/2017
U.S. Fed's Janet Yellen at the IMF, July 2, 2014- on how she sees monetary policy focussing on full employment and price stability letting regulatory supervision take on task of curtailing bubble activity
07/03/2014
Janet Yellen reemphasizes her view of focussing on full employmen and price stability. She sees regulatory supervision, including higher capital reserve requirements and regulation of short term funding, as better able to fulfill the task of restricting bubble type activities. Yellen says she is aware of the effects on emerging markets of the Fed's policies, in a question and answer session with Christine Lagarde of the IMF.
Grouped Articles
Fed's Yellen Defends Low Rates
Wall Street Journal 07/03/2014
Falling Unemployment Doesn't Rate for Fed
Wall Street Journal 07/05/2014
Fed's Yellen Hedges Her View on Rates
Wall Street Journal 07/16/2014
WSJ's Hilsenrath: Fed Can Be Patient on Rate-Hike Debate After Data
Wall Street Journal 08/02/2014
Yellen Says Job Market Improving, but Noncommittal About Policy Effect
Wall Street Journal 08/22/2014
Activists to Fed: Premature Rate Hikes Would Hurt Poor
Wall Street Journal 08/23/2014
Fed chairman Bernanke and New York Fed president Geithner ignore warnings in 2006 about the housing bubble
01/02/2009
Transcripts of the meetings of the Federal Open Market Committee of the Federal Reserve show new Fed chairman Bernanke and Head of the New York Fed discounted the growing risks in the U.S. housing markets in 2006. Fed governors Janet Yellen and Susan Bies raised the issue in meetings at the Fed. Transcripts show a sense of complacency had set in at the Fed with Bernanke confident about a soft landing for the housing market.
Grouped Articles
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
Wall Street Journal 09/15/2013
What's Needed in the Next Fed Chief
New York Times 09/15/2013
Book Review: 'Stress Test' by Timothy F. Geithner
Wall Street Journal 05/12/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/17/2014
Janet Yellen in 2017 on the need for banking regulation that has made the financial system safer
08/26/2017
Grouped Articles
Washington Post 08/26/2017
Yellen Warns Against Erasing Regulations Made After Financial Crisis
The New York Times 08/25/2017
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