Janet Yellen stumbled over these two bailout questions

She avoided making any big monetary policy news in two appearances on Capitol Hill this week, but Federal Reserve Chairwoman Janet Yellen couldn’t escape a few confrontations that raise doubts about the details of the Federal Reserve’s plans to avoid bailouts in future financial crises.

On Tuesday, Yellen avoided directly answering Sen. Elizabeth Warren‘s question about whether the Fed is committed to enforcing a provision of the Dodd-Frank financial reform law intended to force big banks to prove they could fail without causing a panic or receiving bailouts. The law requires big banks to provide regulators plans, called living wills, for their own orderly resolution in the case of a failure.