Reported 20 days ago
U.S. Treasury Secretary Janet Yellen stressed the necessity of retaining a robust panel for monitoring financial risks as fears grow that President-elect Donald Trump's administration might undermine it. During the final meeting of the Financial Stability Oversight Council (FSOC) under President Biden, Yellen highlighted the detrimental effects of staffing cuts during Trump's first term and underscored the importance of continued vigilance against evolving financial risks, particularly in commercial real estate and cryptocurrencies.
Source: YAHOO