President Obama will meet with Federal Reserve Chairwoman Janet
Yellen Monday, just a month after the central banker's last trip to the
White House.
Obama and Yellen will talk about the long-term economic outlook
as well as the state of banking reform, according to the White House.
Vice President Joe Biden is also slated to attend.
When they last met in March, Yellen was among a group of
financial regulators who met with Obama to discuss the status of the
president's financial reform law, which passed in 2010 and is still
being implemented. Obama used the occasion to make the case that his
efforts have been successful in reining in big banks and strengthening
the financial system.
Yellen is in the middle of an effort to transition the central
bank away from emergency monetary policies put in place during the
financial crisis toward more normal management of the money supply.
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