Federal Reserve Chair Yellen Issues Speech on Financial Stability
August 25, 2017
August 25, 2017
WASHINGTON, Aug. 25 -- Federal Reserve Chairman Janet L. Yellen issued the following speech on financial stability a decade after the onset of the crisis:
"A decade has passed since the beginnings of a global financial crisis that resulted in the most severe financial panic and largest contraction in economic activity in the United States since the Great Depression. Already, for some, memories of this experience may be fading--memories of just how costly the financial crisis wa . . .
"A decade has passed since the beginnings of a global financial crisis that resulted in the most severe financial panic and largest contraction in economic activity in the United States since the Great Depression. Already, for some, memories of this experience may be fading--memories of just how costly the financial crisis wa . . .