BankThink

The distinguished economist will have to make monetary policy a priority during her tenure as Fed chair. But Yellen won’t forget about her financial regulatory role and is likely to support stricter capital requirements along with enhanced nonbank supervision.

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Yellen Picked as Next Fed Leader: President Obama will formally nominate Janet Yellen today to be the chairwoman of the Federal Reserve, the White House announced Tuesday. Yellen, current vice-chair of the Fed, was one of the front runners to replace Ben Bernanke, the current chairman, who is set to step down in January. She became the top candidate after Lawrence Summers withdrew his name from consideration last month. Although Yellen's nomination...

A well-structured mortgage business will generate strong revenues that can help offset declines elsewhere, regulatory challenges and interest rate volatility notwithstanding.

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Beijing to D.C.: This Isn't Funny: America's political dysfunction has reached such heights that even foreigners are feeling compelled to speak up. China and Japan, which have stocked up on trillions of dollars of Uncle Sam's IOUs, began publicly expressing concerns that the interest payments on them could be in peril. "The clock is ticking," Beijing warned in its first official comments on the stalemate, while urging Washington pols to "ensure the...

If history bears any indication of where this fight will wind up, New York’s top bank regulator, Benjamin Lawsky, could be headed for a long, slow, expensive defeat.