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Yellen to Meet Financial Regulators Thursday on Market Tumult

  • Secretary in first public effort on GameStop stock turmoil
  • Yellen to convene with officials from the Fed, SEC and CFTC
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Morgan Stanley says turbulence in equity markets is set to decline as the volatility around the retail trade abates.Source: Bloomberg
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Treasury Secretary Janet Yellen will meet with U.S. financial regulators on Thursday to discuss recent volatility in financial markets, making her first public effort to address the tumult involving GameStop Corp. shares and broker-dealer Robinhood Markets Inc.

Yellen will convene with the heads of the Securities and Exchange Commission, the Federal Reserve Board, the Federal Reserve Bank of New York and the Commodity Futures Trading Commission, the Treasury Department said in a statement late Wednesday.