Janet Yellen
speaker
179 appearances
2 recordings
1 series
first heard Sep 2017
last heard Dec 2017
Janet Yellen’s voice in public audio — every appearance, attributed to the second.
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Appearances
It is a highly speculative asset, and the Fed doesn't really play any role, any regulatory role, with respect to Bitcoin other than assuring that banking organizations that we do supervise are attentive, that they're appropriately managing any interactions they have with participants in that market and appropriately monitoring anti-money laundering banks.
Secrecy Act responsibilities that they have.
Often risks threatening financial stability arise when there's exposure of the banking system to fluctuating asset valuations.
And I really don't see any significant exposure of our
core financial institutions to threats from Bitcoin if its value were to fluctuate.
I don't see a threat to our core financial institutions.
So undoubtedly, there are individuals who could lose a lot of money if Bitcoin were to fall in price.
But I really don't see that as creating a full-blown financial stability risk.
There is a discussion going on among central bankers about the potential merits of adopting a central bank itself, adopting a digital currency.
And there might even be a central banker or two around the globe that might go in that direction.
But I really want to caution that this is not something the Federal Reserve is seriously considering at this stage while
We're looking at research on this topic.
There are, I think, to my mind, limited benefits from introducing it, a limited need for it, and some substantial concerns.
And so I would really doubt that the Federal Reserve would soon go in that direction.
We would love to, if we could, increase our hiring ourselves of women and minorities.
we see that both women and minorities are studying economics in disproportionately and disturbingly low numbers.
Although the women in STEM fields generally are about, even with men, represent about 50% in economics, women majors constitute something like 30% of STEM.
of undergraduate majors, and there is disproportionate low enrollment of minorities.
I will just say from my own experience, I think economics is a terrific field.
I've thoroughly enjoyed my career in economics and think
Showing 41–60 of 179 · page 3 of 9
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