Megaphone economics: Yellen Tells Congress That Fed Will Continue to Prop Up the Economy

WASHINGTON — Janet L. Yellen, the Federal Reserve chairwoman, told Congress on Tuesday that the financial markets remained in reasonable health despite signs of bubbles in some areas, including the stocks of social media and technology companies.

Megaphone economics: Yellen Tells Congress That Fed Will Continue to Prop Up the Economy 16fed-videoSixteenByNine540

Megaphone economics: Yellen Tells Congress That Fed Will Continue to Prop Up the Economy 16fed-videoSixteenByNine540

In her testimony, Ms. Yellen — reinforced by a separate report from the Fed — said that valuations of assets including junk bonds and shares in smaller tech companies appeared “stretched,” but that the Fed did not plan to curtail its economic stimulus campaign in response.

http://www.nytimes.com/2014/07/16/business/yellen-tells-congress-that-fed-will-continue-to-help-economy.html
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Megaphone economics: Yellen Tells Congress That Fed Will Continue to Prop Up the Economy

Megaphone economics: Yellen Tells Congress That Fed Will Continue to Prop Up the Economy

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