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Meet the New Fed Boss, Same as the Old Boss

Yellen seemed to discount any notion that the Fedâ??s massive quantitative easing, or QE, programs will create asset bubbles, either in the housing market or the equity market.

Last week, the smart money was focused mostly on the testimony of Federal Reserve Chair nominee Janet Yellen, as she faced questions from the Senate Banking Committee during her confirmation hearing.

Now, to say that Yellen was extremely â??dovishâ?ť is an understatement. In fact, Yellen seemed to discount any notion that the Fedâ??s massive quantitative easing, or QE, programs will create asset bubbles, either in the housing market or the equity market.

Yellen actually told lawmakers, â??Stock prices have risen pretty robustlyâ?¦ [but] you would not see stock prices in territory that suggestâ?¦ bubble-like conditions.â?ť

Really?

Read more about the predictions for Janet Yellen’s moves as Fed chairman at Eagle Daily Investor.

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Written By

Doug Fabian is the editor of Successful Investing and High Monthly Income, and is the host of the syndicated radio show, "Doug Fabian's Wealth Strategies." Taking over the reigns from his dad, Dick Fabian, back in 1992, Doug has continued to uphold the reputation of the newsletter as the #1 risk-adjusted market timer as ranked by Hulbertâ??s Investment Digest. For more than 30 years, Successful Investing (formerly the Telephone Switch Newsletter) has produced double-digit annual gains. Doug has become known for his expert knowledge and timely use of innovative tools like Exchange Traded Funds, bear funds and Enhanced Index funds to profit in any market climate.

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