Yellen said that she would work with Treasury Secretary Steven Mnuchin to conduct a comprehensive review of post-crisis regulations and told the Senate Banking Committee it was important for regulators to constantly be looking for ways to reduce the burden on institutions.
ADVERTISEMENT
Yellen says reducing the regulatory burden is a 'legitimate and important goal' and bank stocks are rising
In her testimony to Congress, Yellen stressed the importance of mitigating financial regulation.
Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, Thursday, Nov. 17, 2016, before the Joint Economic Committee.
ADVERTISEMENT
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Bolstering career in machine learning: How to succeed in AI research
Nigerian government says no official demanded $150m bribe from Binance
Zimbabwe's goal to save billions spurs an aggressive crackdown on political criminals
10 most stable countries for employees in Africa
Uganda crowned best investment destination in Africa
Namibia becomes the first African country to significantly crack HIV
How crises from blackouts to pandemic drained $46 billion from South Africa
5 major African economies and their quality of life score