Wednesday, May 14, 2014

Janet Yellen Quote May 2014

Readings on housing activity — a sector that has been recovering since 2011 — have remained disappointing so far this year and will bear watching,


Janet Yellen avoids bait

Last week, Janet Yellen spoke in front of Congress, and nothing Earth-shattering came out of it. Typically, these Fed-head testimonies are more for the benefit of the politicians and their political posturing than they are for any meaningful information. 

Basically, the left tries to get the Federal Reserve Chair to say that income inequality is bad and the right tries to get the Federal Reserve Chair to say that our spending is too high. To her credit, Yellen didn’t seem to take the bait.

http://marketrealist.com/2014/05/week-review-key-ism-services-productivity-highlights/