Yellen Says Deregulation May Have Gone Too Far

The video discusses the role of government in financial regulation, highlighting the cycle of regulation and deregulation. It emphasizes the importance of a stable financial system for innovation and growth, using the Dodd-Frank Act as an example. The video also reviews the impact of financial stability efforts during crises like the 2020 pandemic and recent bank failures. It concludes with a call for ongoing reforms and addressing new risks in the financial sector.

Why is a stable financial system considered a prerequisite for responsible innovation and sustainable growth?

In what ways can the regulatory perimeter be repaired following recent financial shocks?