Janet Yellen, the former Federal Reserve chairwoman, said Monday bad choices by broad swaths of the financial industry and companies, abetted in part by low rates and regulatory shortcomings, are likely to make it harder for the economy to recover from the coronavirus crisis.
While the banking and financial sector was in “generally in good shape” ahead of the crisis, problems were already taking shape, Ms. Yellen said in a video broadcast hosted by the Brookings Institution.
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March 31, 2020 at 04:35AM
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Janet Yellen Says Too Much Corporate Borrowing Will Hinder Economic Recovery - The Wall Street Journal
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