Yellen Q&A

  • "We can never be confident there won't be another financial crisis"
  • We've put in place stronger capital rules
  • Stress tests greatly improve risk management and capital planning
  • Even if there is a very significant downturn in the economy, they will be able to lend
  • It's important we maintain the improvements we've put in place

"Let me say what I should have said the first time," is how Yellen prefaced her comment. She was skewered for her comment last month on not seeing another crisis.