Yellen issues broad defense of post-crisis financial rules

FEDERAL RESERVE CHAIR Janet Yellen said that any rollbacks of post-crisis financial reforms should be “modest.” / BLOOMBERG FILE PHOTO/ANDREW HARRER
FEDERAL RESERVE CHAIR Janet Yellen said that any rollbacks of post-crisis financial reforms should be “modest.” / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK - Federal Reserve Chair Janet Yellen said any rollback of post-crisis financial reforms should be “modest” because they’ve made the banking system safer and more resilient, rebutting Republicans in Congress and the White House who blame regulatory red tape for holding back the U.S. economy. Yellen, speaking in Jackson Hole, Wyoming, on Friday,…

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