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.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access