Video: Yellen expects no new financial crisis in ‘our lifetimes’

The Honourable Janet Yellen, Chair of the Board of Governors of the Federal Reserve System spoke at the British Academy on 27 June 2017.

Would I say there would never be another financial crisis? Probably that would be going too far but I do think we are much safer and I hope it would not be in our lifetimes and I don’t believe it will be.

 

I pin this here for posterity. Video source Wall Street Journal. The video itself is no biggie; comments are far more entertaining. Enjoy.

 

Video transcript 0:00 to 1:03

  1. The system is much safer and sounder.
  2. We are doing a lot more to try to look for financial stability risks that may not be immediately apparent but to look in corners of the financial system that are not subject to regulation to order to detect threats to financial instability that may be emerging.
  3. Would I say there would never be another financial crisis? Probably that would be going too far but I do think we are much safer and I hope it would not be in our lifetimes and I don’t believe it will be.

 

Other reporting

  1. This page on the British Academy website offers an audio recording of the event.
  2. From Reuters ‘Fed’s Yellen expects no new financial crisis in ‘our lifetimes‘.

 

The following two tabs change content below.
Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.   Soh's Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX.   Disclaimer notice: "I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."
Loading Facebook Comments ...

Leave a Reply