Yellen Treads Carefully on Regulatory Issues in Senate Panel Appearance<br />Asked whether some of the rollbacks proposed by the Trump administration<br />and congressional Republicans might increase the chances of a new crisis, she said, “Some of them, yes.”<br />At the same time, Ms. Yellen was carefully conciliatory, repeatedly agreeing<br />that some rules might be too strict, and expressing a general willingness to consider changes.<br />Senator Mike Crapo, the Idaho Republican who leads the banking committee, opened the hearing Thursday by expressing concern<br />that regulators, including the Fed, were impeding growth by constraining bank lending.<br />On Thursday, she offered a slightly different take, saying<br />that sluggish inflation was a concern but that the Fed also remained concerned that strong job growth might lead to more inflation.<br />By BINYAMIN APPELBAUMJULY 13, 2017<br />WASHINGTON — The American economy is doing well enough<br />that senators largely ignored the subject as they questioned Janet L. Yellen, the Federal Reserve chairwoman, for two hours on Thursday morning.<br />“I believe we have done a great deal since the financial crisis to strengthen the financial system<br />and to make it more resilient,” she told the committee.
