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Abuses documented in FDIC sexual misconduct report unacceptable, Yellen says

Published 05/13/2024, 01:00 PM
Updated 05/13/2024, 01:08 PM
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends an interview with Reuters Editor in Chief Alessandra Galloni in Washington, U.S., April 25, 2024. REUTERS/Evelyn Hockstein/File Photo

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said abuses documented in a report on workplace problems at the U.S. Federal Deposit Insurance Corporation were "totally unacceptable" and not in line with the Biden administration's core values.

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends an interview with Reuters Editor in Chief Alessandra Galloni in Washington, U.S., April 25, 2024. REUTERS/Evelyn Hockstein/File Photo

Yellen did not reply when asked after an event in Fredericksburg, Virginia if FDIC Chair Martin Gruenberg should resign after an independent report by law firm Cleary Gottlieb found he had engaged in bullying and verbal abuse.

But she made clear the reported behavior at the agency was not acceptable.

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