Yellen Discusses Regulators’ Role in Financial Stability

Federal Reserve Chairman Janet Yellen today broadly discussed the state of financial regulatory reform at a conference in Washington, D.C. She said that the Fed and other agencies have made “significant progress” in addressing problems related to incentives toward what she described as financially destabilizing practices.

Yellen also said that the Fed and other policymakers “remain watchful for areas in need of further action or in which the steps taken to date need to be adjusted” and emphasized the importance of engaging with the public to ensure regulators take the right steps in the future.