What Yellen told Congress means big trouble for your wallet in 3 key areas

Finally, Yellen showed no concern for the fate of community banks, whose depositors are currently fleeing in mass to the nation's big banks. Senator James Lankford, R-Okla., asked Yellen, "What is your plan to keep large depositors from moving their money from community banks to large banks?" Yellen had no answer.

Treasury Secretary Janet Yellen testifies about the Biden administration's FY2024 federal budget proposal before the Senate Finance Committee in the Dirksen Senate Office Building on Capitol Hill on March 16, 2023 in Washington, D.C. This is a major blind spot. Community banks are of outsized importance to small businesses and the overall economy. They hold 15% ofbut 36% of the industry's small business loans. Unfortunately, they have been disproportionately hurt by misguided Dodd-Frank financial rules, closing at a rapid rate in recent years. They need support from the Treasury Secretary.

Yellen is a left-wing activist in economist clothing. The American public and their elected officials should ignore her partisan political pronouncements in favor of their own common sense about how Democrats' deficit spending and tax increases have impacted and would further affect the economy, the federal fiscal situation, and the value of the dollar.

I used to think she was a clueless political hack that was pushed far above her level of competence. Actually, I still believe she is a clueless hack, pushed far above her level of competence.

Yellen is a wolf in sheep’s clothing Biden buddy has been horrid for Americans and America and she should go to Ukraine and stay there in my opinion Better she do nothing much at all then what she has done or not done that would help Americans

You couldn’t understand the bill she was talking totally unprepared stop the nonsense with these poeple use whatever we can. SVB CEO is Hawaii like nothing

She wasn’t qualified for the job anyhow.

The wrong people are in charge.

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