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|WASHINGTON ECCO Dynamic Moc 2.0 Penny Denim Blue Australia , Aug. 25 (Xinhua) -- U.S. Federal Reserve Chair Janet Yellen said on Friday that any changes to the post-crisis financial reforms should be "modest" as these reforms have made the financial system substantially safer and resilient.
"The balance of research suggests that the core reforms we have put in place have substantially boosted resilience without unduly limiting credit availability or economic growth," Yellen said at an annual central bank research conference in Jackson Hole, the U.S. state of Wyoming, adding the more resilient financial system is better prepared to absorb, rather than amplify ECCO Classic Moc 2.0 Loafer Mink Australia , adverse shocks.
Therefore, "any adjustments to the regulatory framework should be modest and preserve the increase in resilience at large dealers and banks associated with the reforms put in place in recent years," Yellen told central bankers and researchers at the symposium sponsored by the Federal Reserve Bank of Kansas City.
Yellen also warned that policymakers should not ignore the lessons from the recent financial crisis in 2008 that hit the U.S. economy and households hard, as "we can never be sure that new crises will not occur."
"If we keep this lesson fresh in our memories -- along with the painful cost that was exacted by the recent crisis -- and act accordingly, we have reason to hope that the financial system and economy will experience fewer crises and recover from any future crisis more quickly ECCO Mens Soft 7 Slip On Black Australia , sparing households and businesses some of the pain they endured during the crisis that struck a decade ago," she said.
Yellen's remarks come as the Trump administration prepares to roll back some tough financial regulations during the Obama administration. U.S. President Donald Trump has made deregulation a key part of his financial agenda and repeatedly blamed the 2010 Dodd-Frank Act, which was designed to prevent another financial meltdown, for stifling economic growth.
Yellen's latest warning on financial deregulation might reduce her possibility of serving a second four-year term as head of the central bank. Her current term will expire in February.
In an interview with the Wall Street Journal last month, Trump said Yellen and the White House National Economic Director Gary Cohn are among contenders to lead the central bank next year.
But Trump said he probably wouldn't announce his nominee for next Fed Chair until the end of this year ECCO Mens Soft 7 High Top Boots Black Australia , as it's still early to make that decision.
Yellen didn't mention U.S. monetary policy in her remarks.
Most economists expect the Fed to begin shrinking its balance sheet in September, with a further rate hike in December, according to the latest survey conducted by the Wall Street Journal.
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WASHINGTON, June 26 (Xinhua) -- U.S. President Donald Trump held talks with visiting Indian Prime Minister Narendra Modi on Monday, hailing strong bilateral ties and pledging to enhance cooperation in areas such as trade and anti-terrorism.
"After our meetings today, I will say that the relationship between India and the United States has never been stronger, has never been better ECCO Track 6 Gtx Moc Toe Hi Boots Cocoa Brown Coffee Australia ," Trump said in a televised remark with Modi in the White House Rose Garden.
"India and the United States will always be tied together in friendship and respect," he added.
Modi described his talks with Trump as "extremely important," hailing a bilateral relationship that is based on mutual trust and shared values.
"My visit and our talks today will mark a very important page in the history of the collaboration and cooperation between our two nations," Modi said.
On trade, Trump said he looked forward to working with Modi to "create a trading relationship that is fair and reciprocal ECCO Jeremy Hybrid Tie Black Moonless Australia ," but he also urged the Indian Prime Minister to do more to narrow the U.S. trade deficit with India.
"It is important that barriers be removed to the export of U.S. goods into your markets, and that we reduce our trade deficit with your country," Trump said.
Last year, U.S. trade with India totaled an estimated 114.8 billion U.S. dollars, and U.S. trade deficit with India was 30.8 billion U.S. dollars ECCO Jeremy Brogue Tie Titanium Australia , according to U.S. official figures.
On security partnership, both U.S. and Indian leaders emphasized the importance of combating terrorism.
Trump said both countries have been struck by the "evils of terrorism," and are determined to destroy terrorist organizations and the radical ideology that drives them.
"The top priority for both President Trump and myself is to protect our society from global challenges like terrorism," Modi said.
Modi landed in Washington on Sunday to start his two-day visit to the United States.
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BEIJING ECCO Rugged Track Gtx High Boots Black Australia , May 21 (Xinhua) -- FAW-Volkswagen (FAW-VW) will recall 577,590 vehicles to address a potential malfunction of the exterior lights caused by a faulty fuse, China's quality watchdog has announced.
The recall, effective May 17, will include.