Fed's Janet Yellen: Rethinking American Capitalism
Commonwealth Club - The Commonwealth Club of California
Amid the deepest recession of the postwar era, the Federal Reserve faces one of the gravest challenges of its 96-year history.Janet Yellen, President and CEO of the Federal Reserve Bank of San Francisco, assesses the state of the economy while explaining the thinking and the actions behind some of the Fed's precedent-shattering initiatives to rescue a financial system in crisis and help jump-start economic growth.