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Emphasized, and i agree, there is no need to bring down the size of our portfolio in order to tighten Monetary Policy. We have a range of tools that we can use to raise the level of shortterm Interest Rates at the time that the committee deems it appropriate to begin to tighten Monetary Policy conditions. Thats a way off. But we continue to develop tools to make sure that we have an arsenal of tools to be able to, as appropriate, tighten conditions, and not have to do asset sales or manage our portfolio in any way that would be disruptive to financial markets. If i can shift now to the regulatory side of your duties here as chair of the fed, board of governors. Bozal three is supposed to be in effect, is it not in 15, 2015 . I believe so. Adjustments for capital, flexibility, capital liquidity, so to speak. Is that correct . I believe so. Senator crapo mentioned the foreign banks and so forth. Will you as a regulator make sure that the foreign banks comply with their capital standards
All of the fake news, they said he will not do well with women. And maybe they didnt want to say that they liked me, to be honest and that i can understand. Then the election came, and they say whatever happened to the fact that he wasnt going to do well with women . Because we did really well with women. Right . [cheers and applause] remember when there was they were sitting back, a couple of them were crying. One of the true killers, she was crying not from happiness. But i produced, because women filled more than 60 of all new jobs created last year. 60 . That means the men better get moving folks, they are falling behind. They are beating you pretty good. The women have 60 of all new jobs and thats an incredible number. We have cut the greatest number of regulations in two years in the history of our country. Not for two years in the history of our crying. Thats one of the things helping us. And the United States, people arent going to believe this, it all happened very recently, i