US Treasury Secretary Janet Yellen supports maintaining stable financial system through regulation and opposes bank capital cuts.

US Treasury Secretary Janet Yellen emphasized the importance of maintaining a stable financial system through thoughtful regulation and opposing cuts to bank capital requirements. Speaking at a New York conference, she noted that reforms from the 2007-2009 financial crisis have strengthened the system against various challenges. Yellen reaffirmed the Dodd-Frank Act's role in promoting resilience and innovation within the economy, underscoring the ongoing need for effective regulation.

September 26, 2024
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