Thursday, January 09, 2014

Janet Yellen on Financial Reform

I am not a subscriber to Time. Therefore I can't read the entire interview with new Federal Reserve chair Janet Yellen. I did find her remarks on Dodd-Frank fascinating.

"I think Dodd-Frank is good roadmap and lays out most of the steps that are necessary. But we may also need to take some further steps that have not been taken yet."

I can't imagine Yellen getting appointed as Federal Reserve chair when Tim Geithner was Treasury Secretary. Geither was successful in derailing Elizabeth Warren's nomination. Geithner would have a heart attack if he heard a Federal Reserve chair advocate for more financial reform.

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