Skip to content
Subscriber Only

Yellen Distances Herself From Trump in Jackson Hole Speech

  • Defends post-crisis reforms that Trump slammed during election
  • Yellen term as Fed chair expires Feb. 3, succession unclear
Video player cover image

The Takeaways From Yellen's Jackson Hole Remarks

In the end, it sounded more like a swan song than a job audition.

By broadly defending the sweeping financial rules put in place in the past decade, Federal Reserve Chair Janet Yellen distanced herself on Friday from the anti-regulatory rhetoric of the man who will decide whether to replace her, President Donald Trump.
Yellen, whose term as Fed chair ends in February, used the high-profile setting of the central bank’s annual symposium in Jackson Hole, Wyoming, to argue that the raft of post-crisis regulations had made the financial system safer without unduly hurting the economy. Any rollback of those rules should be “modest,” Yellen said.