Fed's Yellen defends 'stress test' of Wall Street

WASHINGTON (Reuters) – A yearly checkup on leading Wall Street banks helps regulators protect the U.S. financial system and the reviews should be preserved, the Federal Reserve chair said on Tuesday.
The largest 44 banks in the United States must satisfy regulators that they could weather a serious economic downturn in the annual ‘stress test’ administered by the Federal Reserve.
“It’s been a cornerstone of our effort to improve supervision,” Fed Chair Janet