Fed Chair Yellen Sticks to Community Banking Speech

Federal Reserve Chair Janet Yellen did not comment on the U.S. economy or monetary policy in brief welcoming remarks to a community banking symposium on Wednesday.

It was Yellen’s first public appearance since a health scare last week in Massachusetts in which she stumbled over her words and struggled to complete a nearly hour-long speech.

The Fed said at the time she suffered from dehydration after a long day, and was cleared by an emergency medical technician to proceed with a planned dinner that evening.

In opening remarks scheduled for delivery to a Conference of State Bank Supervisors gathering on community banking, Yellen said smaller banks were “essential” to the U.S. economy and said the Fed was working to tailor its oversight to make sure it is not overly burdensome for community banks.

Via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza