President Obama and Federal Reserve Chairwoman Janet Yellen will meet Monday.
Obama, Yellen and other top United States financial regulators will meet at the White House to discuss the economy and the implementation of new Wall Street reform rules, White House spokesman Josh Earnest told reporters aboard Air Force One Friday.
“It will be an opportunity for him to receive an update on the status of the implementation of those regulations,” he said according to the Wall Street Journal.
Last August, Obama met with then-Fed chairman Ben Bernanke, Treasury Secretary Jacob Lew and other regulators to urge progress on new rules required by the 2010 Dodd-Frank law.
White House officials declined to confirm who would be attending the meeting, but both Yellen and Comptroller of the Currency Thomas Curry will be among the attendees, sources told the Wall Street Journal.
Both agency spokesmen declined to comment, as did a spokesman for the Securities and Exchange Commission and a spokesman for the Federal Deposit Insurance Corp.
Yellen said in September that the financial crisis demonstrated “how extraordinarily vulnerable are the large share of American families with very few assets to fall back on.”
