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

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 labor 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.”