Acting Comptroller Discusses Improving Consumer Financial Health

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FSOC and the Brookings Institution Host a Conference on Artificial Intelligence and Financial Stability

WASHINGTON – Today the Financial Stability Oversight Council (FSOC), in partnership with the Brookings Institution, hosted the first day of a conference on Artificial Intelligence (AI) and Financial Stability. This conference brought together public and private sector participants to discuss the evolving role of AI in the financial system and the potential implications for U.S. […]

Remarks by Secretary of the Treasury Janet L. Yellen at the Financial Stability Oversight Council Conference on Artificial Intelligence and Financial Stability

As Prepared for Delivery    Good afternoon. I would like to join Sandra in welcoming you to the Treasury Department for the first day of the Financial Stability Oversight Council’s Conference on Artificial Intelligence and Financial Stability.  This is a topic that I—and my colleagues across Treasury, FSOC member agencies, and the Biden Administration—take very […]

U.S. Department of Treasury Releases Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector

WASHINGTON – Today, the U.S. Department of the Treasury (Treasury) released a request for information on the Uses, Opportunities, and Risks of Artificial Intelligence (AI) in the Financial Services Sector. Building on Treasury’s recent work on cybersecurity and fraud in AI and recent initiatives by other federal agencies, Treasury is seeking public comment on the uses of AI in the financial […]

Remarks by Deputy Assistant Secretary for the Financial Stability Oversight Council Sandra Lee at the Conference on Artificial Intelligence and Financial Stability

As Prepared for Delivery  Good afternoon and welcome to the Conference on Artificial Intelligence and Financial Stability, hosted by the Financial Stability Oversight Council (FSOC) in partnership with the Brookings Institution. I am pleased to welcome everyone who has joined us here in person at the Treasury Department, as well as those tuning in via […]

OCC Hosts Mutual Savings Association Advisory Committee Meeting June 24

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Monday, June 24, 2024. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 1:30 p.m. Eastern Daylight Time (EDT). […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Deputy Prime Minister Le Minh Khai of Vietnam

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with Vietnam Deputy Prime Minister Le Minh Khai to discuss our strengthening economic ties and our Comprehensive Strategic Partnership. Secretary Yellen highlighted United States-Vietnam cooperation on bolstering supply chain resilience and the new U.S.-Vietnam Macroeconomic and Financial Policy Dialogue between Treasury and the State […]

Remarks by Assistant Secretary for International Finance Brent Neiman on the Economic Front in Ukraine

As Prepared for Delivery  Thank you for hosting me here today. For more than sixty years, the Atlantic Council has focused on promoting positive U.S. engagement around the world. This makes it a fitting venue for my remarks, which will focus on perhaps the defining international economic issue of President Biden’s first term: Russia’s war, and our […]

Testimony of Secretary of the Treasury Janet L. Yellen on the President’s Fiscal Year 2025 Budget Request Before the Senate Appropriations Subcommittee on Financial Services and General Government

As Prepared for Delivery Chairman Van Hollen, Ranking Member Hagerty, and Members of the Subcommittee: Thank you for the invitation to testify and for your support of the Treasury Department. Over the past three years, Treasury has helped drive a historic economic recovery and put our economy on a strong path for the medium- and […]

Remarks by Secretary of the Treasury Janet L. Yellen Following a Bilateral Meeting with Prime Minister Alexander De Croo of Belgium

As Prepared for Delivery Prime Minister De Croo, I was pleased to welcome you to the Treasury Department today. We met to discuss important policy priorities during Belgium’s ongoing six-month presidency of the Council of the European Union. Chief among them is our work to provide support to Ukraine, to counter Russia’s war of aggression, […]