A speech Federal Reserve Chair Janet L. Yellen gave at a Fed symposium in August 2017 reveals this influential figure’s views on the recovery of the global financial system since the 2008 crisis, as well as her thoughts on where improvements are in order and where potential dangers still lurk. The tone of her speech is, in general, positive, and it gives reason for cautious optimism about the future: “Banks are safer,” she says. Even so, Yellen warns about complacency in the face of continuing complexity and the “unexpected side effects” that regulation could cause. getAbstract recommends this brief but illuminating text to financial professionals, investors and Fed watchers.
In this summary, you will learn
- Why US Federal Reserve Chair Janet L. Yellen believes the global financial system is much stronger today than it was before the 2008 financial crisis, and
- What the Fed and other governing organizations around the world are doing to reinforce the financial system while encouraging economic growth.
About the Author
Janet L. Yellen was the chair of the Board of Governors of the US Federal Reserve System from 2014 to 2018.