Fed's Janet Yellen Warns of Negative Brexit Impact

The transcript covers Janet Yellen's insights on Brexit, highlighting its potential negative impacts on the UK economy and the European Union, as well as the likely volatility in financial markets. Yellen emphasizes the Fed's non-political stance and its focus on monitoring market reactions. Additionally, the transcript discusses bank regulation, specifically the exemption of certain banks from stress tests and the challenges faced by large banks in meeting capital requirements.

What were Janet Yellen's views on the potential impact of Brexit on the UK economy?

How did Janet Yellen respond to the concerns about the Fed's role in influencing the Brexit vote?

What did Janet Yellen indicate about the financial market reaction to uncertainties from Brexit?

What was the discussion around bank regulation during Janet Yellen's hearing?

What were the implications discussed regarding banks that failed the stress tests?