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Yellen says Fed seeks to avoid undue regulations

Published on NewsOK Modified: May 1, 2014 at 8:00 am •  Published: May 1, 2014

In her comments Thursday, Yellen said conditions at smaller banks had strengthened in the years since the financial crisis.

"Asset quality and capital ratios continue to improve, and the number of problem banks continues to decline," Yellen said. "After several years of reduced lending following the recession, we are starting to see slow but steady loan growth at community banks."

Yellen said she viewed the loan growth as an encouraging sign that the economy was improving.