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Article snippet: GRAND TETON NATIONAL PARK, Wyo. — Janet Yellen, the financial regulation is impeding economic growth. Ms. Yellen said changes since the global financial crisis, which began a decade ago, have significantly improved the resilience of the financial system. “The events of the crisis demanded action, needed reforms were implemented and these reforms have made the system safer,” Ms. Yellen said in remarks prepared for delivery Friday morning at an annual monetary policy conference here. The speech amounted to a warning to the Trump administration, which is pressing regulators to loosen or remove some of those regulatory changes. “Already, for some, memories of this experience may be fading — memories of just how costly the financial crisis was and why certain steps were taken in response,” Ms. Yellen said. Ms. Yellen’s forceful support for financial regulation may complicate her prospects for renomination as Fed chairman. Ms. Yellen’s four-year term ends in February, and President Trump has said he is considering whether to name someone else in her place. Gary D. Cohn, Mr. Trump’s chief economic adviser, whom Mr. Trump has described as a candidate for Ms. Yellen’s job, is an architect of the administration’s regulatory plans. Ms. Yellen rarely spoke about regulatory issues during the early years of her tenure as chairwoman, but she has addressed the topic with regularity since Mr. Trump became president. She has argued consistently that changes were needed after the f... Link to the full article to read more