Intervention de Mme Janet Yellen - 25 aout 2017 / Jackson Hole

For release on delivery 10:00 a.m. EDT (8:00 a.m. MDT) August 25, 2017 Financial Stability a Decade after the Onset of the Crisis Remarks by Janet L. Yellen Chair Board of Governors of the Federal Reserve System at “Fostering a Dynamic Global Recovery,” a symposium sponsored by the Federal Reserve Bank of Kansas City Jackson Hole, Wyoming August 25, 2017 A decade has passed since the beginnings of a global financial crisis that resulted in the most severe financial panic and largest contraction in economic activity in the United States since the Great Depression.Already, for some, memories of this experience may be fading--memories of just how costly the financial crisis was and of why certain steps were taken in response.Today I will look back at the crisis and discuss the reforms policymakers in the United States and around the world have made to improve financial regulation to limit both the probability and the adverse consequences of future financial crises. A resilient financial system is critical to a dynamic global economy--the subject of this conference.A well-functioning financial system facilitates productive investment and new business formation and helps new and existing businesses weather the ups and downs of the business cycle.