Fed Chair Defends Dodd-Frank Act, Pledges to Serve Full Term

Fed Chair Defends Dodd-Frank Act, Pledges to Serve Full TermIn an appearance before a top congressional economic committee today, Federal Reserve Chairwoman Janet Yellen defended the Dodd-Frank Act and pledged to serve out her term despite criticism from Donald Trump during his presidential campaign. The Dodd-Frank Act was passed into law in 2010 in the wake of the financial crisis and is believed to be an early target for modification or repeal by the incoming Trump administration, with the transition website pledging to “dismantle” the legislation, which proposed sweeping changes to the regulation of the financial industry. “We lived through a devastating financial crisis.

Share this article