WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that seeing a greater concentration among the largest banks would not be desirable and she believes it is important to maintain a diverse banking sector.
Yellen also told a Wall Street Journal forum that the U.S. labor market remains tight and could push up core inflation. She said stabilizing apartment rents will help bring down core inflation further.
(Reporting by David Lawder and Doina Chiacu; Editing by)
