Janet Yellen's House Testimony in Two Minutes

The video discusses the Federal Reserve's focus on achieving a 2% inflation target and the risks of persistent undershooting. It outlines plans for normalizing the balance sheet gradually and predictably. The speaker opposes auditing the Federal Reserve, emphasizing that it is already audited in ways that meet public standards. The video also assesses the impact of asset price movements on financial stability, noting that the banking system remains strong and resilient.

What is the speaker's stance on auditing the Federal Reserve?

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How does the speaker assess the current financial system's resilience?

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