Watch Live: Janet Yellen Addresses Community Bankers In St.Louis

Tyler Durden's picture

Update: Yellen didn’t discuss her outlook for interest rates or the economy in her prepared remarks.

Bloomberg reports that Federal Reserve Chair Janet Yellen said the U.S. central bank has been working to ensure that regulations are tailored to the size, complexity and roles of the lenders it oversees.

“For community banks, which by and large avoided the risky business practices that contributed to the financial crisis, we have been focused on making sure that much-needed improvements to regulation and supervision since the crisis are appropriate and not unduly burdensome,” Yellen said Wednesday.

Yellen didn’t discuss her outlook for interest rates or the economy in her prepared remarks.

The Fed has “an abiding commitment to consider how our decisions affect institutions and the customers they serve,” she said in a text prepared for delivery at the St. Louis Fed’s annual community banking conference.

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As we detailed earlier, since Janet Yellen last spoke (shifting hawkish), the dollar and bond yields have surged (as have the odds of a Dec rate-hike).

Since Yellen last spoke...

It is unclear whether today's opening remarks at the fifth annual Community Banking in the 21st Century conference at the Federal Reserve Bank of St. Louis, will offer any new insights on monetary policy direction but given President Trump's 'shortlist', it may well be among her last public appearances as Fed Chair.

No Q&A is expected and her speech is scheduled for less than 15 minutes.

Notably, James Bullard, head of the Federal Reserve Bank of St. Louis is also speaking at this event, so there is always room for some uber-dovishness if Yellen tilts further hawkish.

Live Feed, due to begin at 315pm ET (Unfortunately no embed is available so click the image below for a link):

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GlassHouse101's picture

Yellen won't hike in December (market will freak)

Vlad the Inhaler's picture

She'll sooner tack on a surprise quarter point.

JRobby's picture

Yellen: "our policies will put you out of business soon. Take the rest of the week off"

nope-1004's picture

Yellen Sept 27:  "Smart phones have been keeping inflation down...."


alangreedspank's picture

I read that as "Janet Yellen Addresses Communist Bankers"

krispkritter's picture

Where's a well-armed psychotic sniper when you really need one?

FreeShitter's picture

Shes the hottest porn actress right? Banker GILFS.

lester1's picture

Go out with a bang Janet!.. Raise rates to 5% in December and let the cards fall where they may. Short the market and sail off into the sunset !

serotonindumptruck's picture

The Garden Gnome has spoken!

Pay heed to her prognostications!

She will not countenance all ye naysayers!

Urban Roman's picture

"Resistance is futile" ... "You will be assimilated" ...

mo mule's picture

By not maintaining a interest rate policy, 0 % is not a policy, the Fed has now lost all control. The ponzi is about to show it's real self. The coming Inflation will destroy the Fed and the USA. War is the only probable outcome. 

syzygysus's picture

Yellen:  Yabadabadooo!

asteroids's picture

Dead Banker walking.

Zorba's idea's picture

Uh HUH! a peak inside the club

Atomizer's picture

We can give Janet a dick, utilizing hair color. Maybe pink dome hair cut look. She needs to look more Frankfurt Marxist culturalism. Because no one believes a word this cunt has to say. 

Atomizer's picture

Don't worry, going after Lagarde of IMF next. Let her hang herself first. It will be hard for her to retract. Then we rip her a new asshole, go public. 

bluskyes's picture

The Fed should take over a payday loan chain, and offer 0% payday loans to the public.

nmewn's picture

It takes a village of idiot bankers or sumpin. 

syzygysus's picture

One can hope she raves on about the magical number 7 like LaGarde.

shankster's picture

Who wants to watch it?

Seasmoke's picture

Less than 6 months from now and Mr. Yellen will be telling us all that we should be buying Gold.

Zorba's idea's picture

pay attention to China's Gold Reserves. How much more gold does the PRC need to accumulate until the the big event. 

Dr. Engali's picture

Yellen: To all you community bankers out there: Fuck you! I have much bigger people to answer to than you peeons. So take your flat yield curve and suck it bitchez! Now here, have a cookie.

Ban KKiller's picture

I'm a simpleton, she's a skank bank dick sucker. 

falak pema's picture

The legacy of Paulson, Bernarnke and Yellen :

"What the FED has done for you Oligarchs can never be matched :

"Never have so many owed so much to so few!"... in the Faustian sense! 

Of course, unlike that reality of past : of creating a brave new world, the reality of present is dystopian.

There are no illusions left! 

We have to pull that flush on status quo; come what may! "

So what is done is done; what is undone is what its all about!

Joebloinvestor's picture

Never wonder why the system is so fucked up.


Just look at her and what she and her fuked up bankster friends have done to this country.

TeethVillage88s's picture

1. Rothschild Banks of London and Berlin.
2. Lazard Brothers Banks of Paris.
3. Israel Moses Seif Banks of Italy.
4. Warburg Bank of Hamburg and Amsterdam.
5. Lehman Brothers of NY.
6. Kuhn, Loeb Bank of NY (Now Shearson American Express).
7. Goldman Sachs of NY
8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank – Equitable Life – Levi P. Morton are principal shareholders).
9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders).

TeethVillage88s's picture

looking back to 1970 to see who was there for Smithsonian Accord (Nixon Shock). Chairman:

9th William M. Martin, Apr 2, 1951 - Feb 1, 1970
10th Arthur F. Burns, Feb 1, 1970 - Jan 31, 1978
11th G. William Miller, Mar 8, 1978 - Aug 6, 1979,
12th Paul Volcker, Aug 6, 1979 - Aug 11, 1987
13th Alan Greenspan, Aug 11, 1987 - Jan 31, 2006

President of New York Federal Reserve:

4th Alfred Hayes, Aug 1, 1956 - Aug 1, 1975,
5th Paul Volcker, Aug 1, 1975 August 5, 1979,
6th Anthony M. Solomon, Apr 1, 1980 - Dec 31, 1984,

TeethVillage88s's picture

Paul Volker
Larry Summers
Robert Rubin
Hank Paulson
Timmothy Geithner
Ben S. Bernanke
Alan Greenspan
Janet Yellen

who might be responsible and held accountable?

Office of the Comptroller of the Currency, John C. Dugan, John D. Hawke
Treasury Secretary, Jack Lew, Timothy Geithner, Henry Paulson, John Snow, Larry Summers, Robert Rubin
FDIC Chairman, Martin J. Gruenberg, Sheila Bair, Donald E. Powell, Donna Tanoue
SEC Director, Mary Jo White, Elisse Walter, Mary Schapiro, Christopher Cox, William Donaldson, Harvey Pitt, Arthur Levitt
FINRA Directors, Mary Schapiro,
DOJ Director, Eric Holder
FBI Director, Robert Swan Mueller III, James B. Comey
President of the US, Barack Obama
Obama National Security Advisor

1971, Nixon Shock, President Nixon consulted chairman Arthur Burns, John Connally, Paul Volcker.

2017 Committee Members

Janet L. Yellen, Board of Governors, Chair
William C. Dudley, New York, Vice Chairman
Lael Brainard, Board of Governors
Charles L. Evans, Chicago
Stanley Fischer, Board of Governors
Patrick Harker, Philadelphia
Robert S. Kaplan, Dallas
Neel Kashkari, Minneapolis
Jerome H. Powell, Board of Governors
Daniel K. Tarullo, Board of Governors

AC_Doctor's picture

This fucking J00 Cunt has done more damage to American's than that PO SHIT Vegas shooter. 

TeethVillage88s's picture

Swear to god there are many targets, gentiles, whatever religion, whatever political party. Plus blame congress of opposition too when blaming a President like Clinton.

$T Debt Added
J. Carter, ,$0.37 T (4 yrs)
R. Reagan, $1.69 T
G. H Bush, $1.4 T (4 yrs)
W. Clinton, $1.627 T
G. W. Bush, $4.357 T
B. Obama, $6.365 T (4 yrs)
B. Obama, $10 T (8 yrs est.)

1994 - NAFTA, Deregulation of Trade, 3 Nations (W. Clinton)
1994 - Free Trade Begins to Devastate US Manufacturing Jobs,
1996 - Energy Deregulation (W. Clinton, followed by ENRON Scandal)
1996 - Telecommunications Act (W. Clinton, cross ownership)
1998 - Citicorp & Travelers Insurance Merger
1999 - Gramm–Leach–Bliley Act (Phil Gramm, W. Clinton, followed by 2008 Financial Crisis)
1999 - bombing campaign in Kosovo (W. Clinton, over 60 days)
2000 - Commodity Futures Modernization Act of 2000 (P. Gramm, W. Clinton, derivatives)
2001 - Subprime Home sales & Financial Derivatives Take Off,
2002 - McCain–Feingold Act (G.W. Bush, Campaign Finance, soft money unlimited)

Ink Pusher's picture

Yellen is fast becoming a smelly footnote in history.

You can bet every word she utters until she finally gets locked out will be 100% pure lip service.

From my perspective, Government Sachs fully intends to seat Cohn in her chair and Warsh is the washout selection.

Dill-Temko's picture

“For community banks, which by and large avoided the risky business practices that contributed to the financial crisis, we have been focused on making sure that much-needed improvements to regulation and supervision since the crisis are appropriate and not unduly burdensome,” Yellen

Translation: We are coming for you.

Zorba's idea's picture

Yes, the Asset Extractors know where the last vestiges of MC/SB assets are. Wake up America! Primary your Incumbent whores. 18' can't come soon enough. Don't let the Selectors choose another slate for camp swampy