Fed’s Yellen: ‘pockets’ of higher risk-taking in US

WASHINGTON, D.C.: Federal Reserve Chair Janet Yellen said on Wednesday (Thursday in Manila) that she sees some rise in potentially dangerous risk taking in the US financial system, but none requiring a change in monetary policy.

In a speech on how central banks should deal with excessively risky behavior in an economy, especially one underpinned as now by very low interest rates, Yellen said the United States is in much better shape in the wake of the 2008 crisis.