Fed chair nominee Janet Yellen dropped some gems in her testimony before the Senate Banking Committee

Jay Soloff

Argonath Financial

Fed chair nominee Janet Yellen dropped some gems in her testimony before the Senate Banking Committee. I would consider her remarks to be quite bullish for US equities. Her response to using monetary stimulus to promote economic growth: I consider it imperative that we do what we can to promote a very strong recovery. Regarding central bank asset purchases, Yellen said they have made a meaningful contribution to economic growth and improving the outlook. She also does not believe stock prices are in bubble-like conditions because traditional measures like price-earnings ratios do not appear to be at overly inflated levels. It looks like we'll continue to see Fed bond buying until the labor market is in much better shape. How soon that happens is anyone's guess, but the market is currently betting on March of next year. (VIEW LINK)

1 topic

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment