Yellen ‘greatly concerned’ over regulation reversals

Former Federal Reserve chair Janet Yellen says she is concerned about the Trump administration’s focus on reducing the regulatory burden instead of completing “unfinished” regulatory work.

“I’m greatly concerned that the regulatory work needed to address financial stability risk has stalled. There have been some worrisome reversals,” she said in an interview published on January 3. 

Nonetheless, years of rule-writing by multiple regulatory agencies does warrant simplifying rules that are