Treasury Secretary Janet Yellen says the next administration should leave “critically important” financial regulations untouched. In an interview with Reuters on Friday (Dec. 13), Yellen said these regulations govern things like banks’ capital levels, liquidity and risk-taking. She said the current system has its flaws...
Treasury Secretary Janet Yellen said Thursday (Sept. 26) that it takes continuous work to build and maintain a resilient financial system. In remarks prepared for delivery at the 2024 U.S. Treasury Market Conference, Yellen outlined financial regulators’ work related to banks, nonbanks and “cross-cutting risks”...
America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. Speaking to CNBC Thursday (June 13), Yellen also noted that cooling wage growth does not threaten to compound inflation. “The labor market has become a little less hot, a little bit more...
The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a request for information on Thursday (June 6) and said it encourages the submission of comments within 60 days, according to...
March 16, 2023
Treasury Secretary Janet Yellen isn’t playing favorites, just protecting the U.S. banking system. She told lawmakers Thursday (March 16) that “Americans can feel confident that their deposits will be there when they need them” in her prepared remarks before the Senate Finance Committee. “This week’s actions demonstrate our resolute commitment to ensure that depositors’ savings […]
February 10, 2025
Five former Democratic Treasury secretaries wrote Monday that the efforts of the Elon Musk-led Department of Government Efficiency (DOGE) to gain access to federal payment systems are a “cause for concern.” Robert Rubin, Larry Summers, Timothy Geithner, Jacob Lew and Janet Yellen wrote this in a paywalled opinion piece in The New York Times, The […]
December 15, 2024
Treasury Secretary Janet Yellen says the next administration should leave “critically important” financial regulations untouched. In an interview with Reuters on Friday (Dec. 13), Yellen said these regulations govern things...
September 26, 2024
Treasury Secretary Janet Yellen said Thursday (Sept. 26) that it takes continuous work to build and maintain a resilient financial system. In remarks prepared for delivery at the 2024 U.S....
June 13, 2024
America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. Speaking to CNBC Thursday (June 13), Yellen also noted that cooling wage growth does not threaten to...