Fed finds common ground with Treasury on reg relief

Mortgage

WASHINGTON — Federal Reserve Chair Janet Yellen offered limited praise Wednesday for a report issued by the Treasury Department earlier this week that recommends sweeping changes to the post-crisis regulatory framework.

Speaking during a press conference accompanying the meeting of the Fed’s Federal Open Market Committee, Yellen called it a “complicated document” that she has yet to fully review, but suggested that she shared many of its objectives, including reducing regulatory burden without sacrificing safety and soundness.

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