Janet Yellen is worried about the next financial crisis
Ex Fed Chair Janet Yellen is worried about the deregulation of Dodd-Frank and the impact it will have.
When she was named Chair, the Congress passed the Dodd-Frank bill which was designed to strengthen regulation of the banks. This goal, according to her, was accomplished.
Now, she sees an environment where there is rising pressure to cut regulation. This could make the next financial crisis much worse.
We are already in an environment where many investors sought high yields with interest rates so low. Yellen feels this is not a problem at the moment but if things head south, this could escalate quickly.
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