Investing.com – As expected in her semi-annual testimony to the House of Representatives’ Financial Services Committee, Federal Reserve (Fed) chair Janet Yellen focused on bank regulation and made no comments on monetary policy.
Yellen stressed that U.S. bank conditions had “strengthened considerably” since the crisis.
She noted that the Fed would need to continue to monitor the financial system for the emergence of new risks and would study the impact of rule changes.
“The work we do to ensure the financial system remains strong and stable is designed to protect and support the real economy that sustains the businesses and jobs on which American households rely,” she concluded.