1 May 2014
Fed's Yellen speech: Fed to continue work on addressing too-big-to-fail concerns
FXStreet (Łódź) - In her prepared speech before the Community Bankers in Washington, Fed chair Janet Yellen avoids the topics of economy or monetary policy.
• Yellen stresses the need for a 'smarter' Fed supervision over community banks.
• With regulation 'one size fits all' is often not appropriate.
• Yellen assures Fed seeks to avoid undue regulations
• Increased lending by community banks is a good sign for the US economy.
• “Our work with too-big-to-fail banks is not finished.”
• Yellen stresses the need for a 'smarter' Fed supervision over community banks.
• With regulation 'one size fits all' is often not appropriate.
• Yellen assures Fed seeks to avoid undue regulations
• Increased lending by community banks is a good sign for the US economy.
• “Our work with too-big-to-fail banks is not finished.”