Yellen Sees Little Threat to Financial Stability

“Federal Reserve Chair Janet Yellen said Wednesday that she doesn’t see a need for the Fed to start raising interest rates to defuse the risk that extremely low rates could destabilize the financial system.  Yellen said she does see ‘pockets’ of increased risk-taking. But she said those threats could be addressed through greater use of regulatory tools, such as higher capital standards for banks.  Some critics of Fed policies have warned that the central bank could be setting the stage for another dangerous bubble by keeping rates so low for so long.  In her speech, Yellen said she didn’t see dangerous excesses in the financial system.”

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