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We do what we can to promote a t spells. On their families. Imperative that we do what we can to promote a very strong recovery. Continuingg that by our asset purchase program, which we intend we put in assuringh the goal of a substantial improvement in the outlook for the labor market. We are taking account of the cost and efficacy of this program as we go along. Thehis point, i believe benefits exceed the costs. As that program gradually winds down, we have indicated that we expect to maintain a highly accommodative Monetary Policy for some time to come thereafter. The message we want to sen...

The board has not acted on that or a established timelines to do that. Will you do that as chairman, and when will you do it . Think that is in the works, and we will try to get it out soon. Frame in have a time mind . Im not sure, but i will try to make sure. If i can ask you to supplement with moores citrix on the feds attempt to act on dodd frank with regard to that. You also mentioned increased for the biggest banks. I agree the action you supported in july was very positive. I dont agree it was enough. Would you support going further withrms of leverage ratio the largest banks or not . Ha...

I call this hearing to order. Today we consider the nomination of the honorable janet yellin to be chair of the board of governors of the Federal Reserve system for a term of four years. Dr. Yellin is an extraordinary candidate to lead the Federal Reserve. She currently serves as a member and vice chair of the board of governors. She previously served as a member of the board of governors in the 1990s. She was a chair of the of president clintons council on economic advisors and she served six years as the president of the San Francisco fed. In addition, dr. Yellin has an impressive academic r...