Monday, April 11, 2016

Obama to meet Monday with Fed Chair Yellen

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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