We knew Yellen and the Fed had our backs, right? $SPY
Despite the hawkish tone in recent comments, folks have always thought that new Fed Chair Janet Yellen was a dove. Today, she backed that up with some chatter that helped rally stocks to the relief of bulls everywhere.
As someone on Twitter said, the Fed must have a watch list consisting of NFLX, FB, BIIB, TSLA and SCTY.
From our new Fed Chair:
"This extraordinary commitment is still needed and will be for some time, and I believe that view is widely shared by my fellow policymakers at the Fed," Yellen said in her remarks to a Fed community development conference.
Yellen Says Extraordinary Support Needed for 'Some Time'
By Jeff Kearns
Bloomberg - Bloomberg - Mon Mar 31 14:45:00 UTC 2014
Federal Reserve Chair Janet Yellen said "considerable slack" in the labor market is evidence that th...
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