![]() ![]() ![]() What are you doing to boost financial stability and monitor market bubbles?įed officials have often cautioned against raising interest rates as a way to tame asset-market bubbles. Trump's board nominee for financial regulation, Randal Quarles, is a creature of Wall Street, meaning Yellen must redouble her effort to push back against what is effectively an undoing of the work she and her colleagues have spent seven years undertaking.ģ. Yellen will most likely get asked about the issue again, given that many Republicans and Wall Street CEOs blame bank regulation for weak economic growth. Most members of Congress and the public came away from that experience feeling that it was important to take a set of steps that would result in a safer and stronger financial system," she said in February during her latest testimony. "We lived through a devastating financial crisis. Given political spin and her professional future are most likely off limits, here are five questions lawmakers might consider asking her.Īs much as Yellen avoids talking politics, financial regulation is certainly part of her mandate, and she has already had much to say about Trump and the Republican Congress' efforts to reverse many of the postcrisis reforms intended to prevent another meltdown. Yellen faces two days of hearings on Capitol Hill, the first before the House Financial Services Committee and the second in front of the Senate Banking Committee. This is set to be Yellen's last official testimony to Congress before the end of her term in February 2018. Yellen will probably demure, however, and simply say she's focused on the job at hand, as she did during her June press conference. ![]() He is widely expected to replace her at the end of her term as chair early next year and is reportedly considering Gary Cohn, the former Goldman Sachs president who now leads Trump's Nation Economic Council, for the post. She will also be asked whether she's had any discussions with President Donald Trump about staying in the job. Yellen will find herself caught in the usual partisan tug-of-war in which politicians on both sides try to ask questions that affirm their worldviews, generally with limited success as she tends to give only broad answers to questions not directly related to her mandate. Account icon An icon in the shape of a person's head and shoulders. ![]()
0 Comments
Leave a Reply. |