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Yellen Expected to Be Pushed to Defend Fed's Strategies

From nasdaq.com

Expect lawmakers to turn up the heat when Federal Reserve Chairwoman Janet Yellen returns to Capitol Hill on Wednesday for the second round of her two-day semiannual monetary policy testimony. The Fed chief faced some pointed questions Tuesday from the Senate Banking Committee, including queries about the Fed's handling of big bank resolution plans, the effectiveness of its low-rate policies and its efforts to promote diversity across the Fed system. But the exchanges were mostly cordial. Her appearances before the House Financial Services Committee have tended to be more acrimonious. The House committee is likely to ... (full story)

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  • Category: Fundamental Analysis