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Yellen: regulations strengthened under Fed chief Powell, predecessors

Published 10/24/2021, 09:56 AM
Updated 10/24/2021, 10:01 AM
© Reuters. FILE PHOTO: Treasury Secretary Janet Yellen testifies during the House Financial Services Committee hearing in Washington, U.S., September 30, 2021.  Sarah Silbiger/Pool via REUTERS

© Reuters. FILE PHOTO: Treasury Secretary Janet Yellen testifies during the House Financial Services Committee hearing in Washington, U.S., September 30, 2021.  Sarah Silbiger/Pool via REUTERS

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen refused to say on Sunday whether she supported the renomination of Jerome Powell as Federal Reserve chairman but said regulation of financial institutions has been strengthened by him and his predecessors.

Yellen said she would not discuss what advice she was giving President Joe Biden on the issue. "I would say that during his term, and during my term and (Ben) Bernanke's term, regulation of financial institutions has been markedly strengthened," she said on CNN's "State of the Union."

Latest comments

and from part 2 : printing Frenzy to assure successive all ATH for every junk title bond or raw material!
Mr money 💰 printing will get back the reward from part 1: the briefing the senate and chamber before the famous Fed conference
Just imagine how loose they were...
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