Yellen defends Dodd-Frank and Fed independence to US Congress
Act has made “very significant contribution” to US financial stability, Fed chair says
Janet Yellen strongly defended the independence of the US Federal Reserve and the Dodd-Frank Act, both of which were attacked by US president-elect Donald Trump in his election campaign.
Testifying to the joint economic committee (JEC) of both houses of US Congress today (November 17), the Federal Reserve chair said the Dodd-Frank Act had "made a very significant contribution to the safety and soundness" of US banks.
She agreed with Democratic congresswoman Carolyn Maloney that the act should
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