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We necessarily operate in an environment in which there’s a great deal of uncertainty. In such an environment, it makes sense to use a risk-management approach to identify and avoid the big mistakes. That’s one reason I favor a cautious approach.

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Janet Yellen

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The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

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Expanded credit access has helped households maintain living standards when suffering job loss, illness, or other unexpected contingencies.

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May 2, 2024

Expanded credit access has helped households maintain living standards when suffering job loss, illness, or other unexpected contingencies.

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May 2, 2024

The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

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