17 Jul 2014
Yellen's testimony: no news is good news? – Danske Bank
FXStreet (Edinburgh) - In the opinion of Lars Christensen, Chief Analyst at Danske Bank, Chairwoman Janet Yellen kept the recent tone in yesterday’s testimony.
Key Quotes
“Yesterday Federal Reserve chair Janet Yellen spoke before the House Financial Services Committee as part of her semi-annual report to Congress”.
“There was not much news compared to her similar testimony to the US Senate on Tuesday”.
“However, she did clarify her view on the valuation of the US stock market”.
“After Yellen on Tuesday had created some uncertainty, she yesterday stressed that she did not think that the US stock market was overvalued and she comforted investors by saying that ‘threats to financial stability are at a moderate level and not a very high level’”.
Key Quotes
“Yesterday Federal Reserve chair Janet Yellen spoke before the House Financial Services Committee as part of her semi-annual report to Congress”.
“There was not much news compared to her similar testimony to the US Senate on Tuesday”.
“However, she did clarify her view on the valuation of the US stock market”.
“After Yellen on Tuesday had created some uncertainty, she yesterday stressed that she did not think that the US stock market was overvalued and she comforted investors by saying that ‘threats to financial stability are at a moderate level and not a very high level’”.