Financial Stability Oversight Council Report
2024-02-08T20:00:19-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMjMzXC8wMDNcLzE3MDc0MDEyNzZfMDAzLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19“Over the past three years, the Biden administration has driven an historic recovery,” said Treasury Secretary Janet Yellen during her testimony on the Financial Stability Oversight Council’s annual report before the Senate Banking Committee. The secretary highlighted Biden administration policies, such as the Inflation Reduction Act and the American Rescue Plan, which helped spur economic growth in the country, lower unemployment, and generate wage growth among middle and low-income earners. Several topics were also addressed, including the need for a regulatory framework of stable coins and digital assets, sanctions on foreign adversaries, implementation of new rules and banking regulations, concerns over insurance and real estate markets, and risks posed by using artificial intelligence in the financial sector.
“Over the past three years, the Biden administration has driven an historic recovery,” said Treasury Secretary Janet Yellen during her testi… read more
“Over the past three years, the Biden administration has driven an historic recovery,” said Treasury Secretary Janet Yellen during her testimony on the Financial Stability Oversight Council’s annual report before the Senate Banking Committee. The secretary highlighted Biden administration policies, such as the Inflation Reduction Act and the American Rescue Plan, which helped spur economic growth in the country, lower unemployment, and generate wage growth among middle and low-income earners. Several topics were also addressed, including the need for a regulatory framework of stable coins and digital assets, sanctions on foreign adversaries, implementation of new rules and banking regulations, concerns over insurance and real estate markets, and risks posed by using artificial intelligence in the financial sector. close
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