Obama, Fed's Yellen discussed economic risks in White House meeting

U.S. Federal Reserve Chair Janet Yellen listens as U.S. President Barack Obama holds a meeting with financial regulators to receive an update on their progress in implementing Wall Street at the White House in Washington March 7, 2016. REUTERS/Kevin Lamarque·Reuters
Reuters
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WASHINGTON (Reuters) - President Barack Obama and Federal Reserve Chair Janet Yellen discussed risks to the economy and progress from Wall Street reform during a rare meeting in the Oval Office on Monday, the White House said.

"They discussed both the near and long-term growth outlook, the state of the labour market, inequality, and potential risks to the economy, both in the United States and globally," the White House said in a statement about the meeting.

"They also discussed the significant progress that has been made through the continued implementation of Wall Street Reform to strengthen our financial system and protect consumers."

(Reporting by Roberta Rampton and Jeff Mason; Editing by Peter Cooney)

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