Yellen says small banks should not face undue burdens

AP News
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Posted: Sep 30, 2015 3:56 PM

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says the central bank is committed to making sure that federal supervision of the nation's community banks does not impose undue regulatory burdens.

Yellen made no reference to Fed interest rate policies during her brief speech to a conference of 160 bankers and financial leaders attending a St. Louis conference.

The remarks marked her first public appearance since a health scare last week in Massachusetts. Near the end of a lengthy speech, Yellen, 69, paused for several seconds and stumbled over some words.

The Fed blamed the incident on Yellen feeling dehydrated at the end of a 52-minutes speech under bright lights. The Fed said Yellen felt fine after being checked by emergency medical personnel at the speech site and resumed her schedule.