WASHINGTON Federal Reserve Board Chair Janet Yellen on Wednesday offered few clues when regulators would move ahead with issuing a proposal to address risks tied to short-term wholesale funding.
"I'm afraid I can't give you a detailed timetable when we will move forward with that rule," said Yellen at a press conference following a two-day Federal Open Market Committee. She declined to say if a proposal could be unveiled before the end of this year.
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