You indicate, attempting to quantify the benefits of safety and soundness regulation is very difficult. Mr. Brown who would have wanted this to take longer . Ms. Yellen you indicated that those who are regulated mr. Brown dont say what i indicated but who in this town, who in this country wanted this to take long her ms. Yellen we know banking organizations are concerned with regulations and the burdens they impose. Mr. Brown let me shift to another question, i think senator shelby will be back in a couple of minutes. Some have suggested repealing or limiting the Feds Authority to pay excess. Im concerned this is an attempt by those who are concerned about those who want to limit the feds monetary tools. What are the implications of repealing or eliminating interest on reserves . Ms. Yellen it is the most critical tool we have for Monetary Policy to adjust the level of shortterm Interest Rates and the stance of Monetary Policy. If we were denied the ability to use that tool, first let
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