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Article snippet: GRAND TETON NATIONAL PARK, Wyo. — Janet L. Yellen, the financial regulation is impeding economic growth. In a speech that amounted to a warning to the Trump administration, Ms. Yellen said that people were forgetting the lessons of the crisis that began a decade ago. “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,” she said. Ms. Yellen’s forceful support for financial regulation may complicate her prospects for renomination as Fed chairwoman. Her 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 the Fed job, is an architect of the administration’s regulatory plans. Speaking at an annual conference here sponsored by the Federal Reserve Bank of Kansas City, Ms. Yellen said increased regulation had strengthened the financial system. She said there was little evidence that regulation had reduced the availability of credit. But even if safety had come at some cost, she urged a focus on the bigger picture: Financial crises cause large declines in the availability of credit for virtually everyone. She also cautioned against overconfidence, noting that policy makers gathered at this same conference a decade ago were optimistic about the resilience of the system — which was even then in the ... Link to the full article to read more