Fed Will Turn Up Heat On Big Banks, Yellen Says

Law360, New York (November 14, 2013, 2:00 PM EST) -- Janet Yellen, President Barack Obama's choice to be the next Federal Reserve chairwoman, on Thursday vowed to keep up the pressure on the nation's largest banks at a confirmation hearing that faced an equal balance of questions on both monetary and financial regulation.

Yellen, the current Fed vice chair, largely emerged unscathed from questions from a mostly sympathetic Senate Banking Committee, although she did have to fend off some volleys regarding the central bank's unprecedented bond-buying program and its policies toward ending the problem of too-big-to-fail...
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