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Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability

YPFS is “a tremendous asset to the world’s financial stability community,” Yellen said in conversation with President Peter Salovey.

Speaking with Yale President Peter Salovey at Edward P. Evans Hall this week, U.S. Treasury Secretary Janet Yellen took a moment to express her appreciation of the Yale Program on Financial Stability, led by Yale SOM’s Andrew Metrick.

During a day spent at Yale’s Tobin Center for Economic Policy on April 3, Yellen said, “I also feel passionate about the work of the Program on Financial Stability that Andrew Metrick heads that is a wonderful resource for those who have to deal with financial crises. I’ve found myself using its resources even in recent days myself. It’s a tremendous asset to the world’s financial stability community.”

Launched in 2013 in the wake of the Global Financial Crisis, the Program on Financial Stability is dedicated to creating, disseminating, and preserving knowledge about financial crises. Yellen serves on the program’s advisory board, as do former treasury secretaries Timothy Geithner and Henry Paulson and former Fed chair Ben Bernanke. YPFS has produced extensive resources to aid policymakers and central bankers, including the New Bagehot Project, an online platform that analyzes past efforts to fight financial crises around the world, and the Journal of Financial Crises, which distributes case studies and surveys of crisis interventions.

Yellen and Salovey spoke at a “fireside chat” focused on modern supply side economics, which was captured for the podcast Yale Talk: Conversations with President Peter Salovey.

Read more about Yellen’s visit.

Listen to the conversation: