Full Article : Don’t Rock the Boat – Yellen
By: Gary Wagner
As if Janet Yellen took a cue from the 1974 song by the Hues Corporation, in her speech Friday at the annual economic symposium in Jackson Hole, Wyoming, she decided not to rock the boat. Although she spoke out in defense of the regulations that were initiated during the Obama presidency, she did not address any future plans or timetables in regard to the Federal Reserve’s next rate hike.
The only boat she really rocked was her own. She sent a loud and clear message to this current administration as she defended the Dodd Frank legislation implemented after the 2008 crisis. In her speech, she acknowledged that it was the reforms that shored up the U.S financial system by making it mandatory that banks increase the capital on hand, as well as the alleviation of high-risk assets on their balance sheets.
Full Article : Don’t Rock the Boat – Yellen
By: Gary Wagner
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