Janet Yellen

Yellen’s banking agenda: Confront climate risks, launch AML registry

01/19/21

Former Fed Chair Janet Yellen told senators that as Treasury secretary she would create a “hub” to examine the effects of a changing climate on financial institutions and create a database of companies' true owners as required by a recent anti-money-laundering bill.

[more]

Biden team likely will force banks to evaluate climate risks

12/17/20

Incoming administration officials, especially Treasury Secretary-designate Janet Yellen, are expected to push for stress tests, public disclosures and other requirements aimed at gauging banks' climate exposure and minimizing the threat of global warming to the financial system.

[more]

Fed's Powell calls climate change 'an emerging risk' to banks

12/16/20

His comments came a day after the Fed announced it had formally joined an international network of central bankers and regulators focused on mitigating climate risk to the financial sector.

[more]

Yellen’s crackdown on leveraged loan excess will have to wait

12/10/20

Time and again, Janet Yellen has warned Wall Street is piling a dangerous amount of debt onto the balance sheets of risky U.S. businesses. But as she prepares to take over as Treasury secretary, she may find it difficult to do anything quickly to rein in these markets, experts say.

[more]

It’s official: Yellen is Biden’s pick for Treasury

11/30/20

The incoming administration chose a battle-tested policymaker who can draw on her nearly two decades at the Fed to help rebuild an economy still struggling from the coronavirus pandemic.

[more]

Yellen at Treasury could resuscitate Fed’s loan programs

11/24/20

The Trump administration has compelled the Federal Reserve to shut down the Main Street Lending Program and other facilities that aid banks’ pandemic relief efforts, but President-elect Biden’s Treasury nominee could help turn the spigot back on.

[more]

Biden plans to nominate Janet Yellen for Treasury secretary

11/23/20

Yellen, the former head of the Federal Reserve, would become the first woman to hold the nation’s top economic policy job just as the coronavirus pandemic threatens another downturn.

[more]

Banks stick with dividend plans despite potential for blowback

04/17/20

Large institutions say their strong capital positions allow them to reward investors, and the Fed agrees. But critics say this is the time to be preparing for a sharp downturn and continue helping those hurt by the coronavirus pandemic.

[more]

Former Fed chiefs call on Trump to end Powell threats

08/06/19

Former central bank chiefs Alan Greenspan, Paul Volcker, Janet Yellen and Ben Bernanke said the Fed must be allowed to act "free of short-term political pressures and ... without the threat of removal or demotion."

[more]

Lowering the bar on financial regulation is fraught with risk

06/27/19

A recent proposal by the Financial Stability Oversight Council to focus less on certain nonbank firms and more on risk activities would create unintended economic harm.

[more]