For the benefit of the revisionist media (if there is any media left) once the final asset bubble has popped in a few years time, and which like now will try – incorrectly – to make Yellen appear Oracular in her prophetic “bubble warnings”, we would just like to “timestamp” what she just said:
- YELLEN SAYS FED DOESN’T SEE BUILDUP OF FINANCIAL RISKS
- YELLEN SEES LIMITED EVIDENCE OF ‘REACH FOR YIELD’
- YELLEN SAYS FED LOOKS OUT FOR ANY POTENTIAL ASSET PRICE BUBBLES
- YELLEN DOESN’T SEE `MISALIGNMENTS’ IN ASSET PRICES
So there you have it: No risks, no bubbles, and on the record. Thank you Mr. Chairwoman. And now, you may continue BTFATH.
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/NtSwqL7ZruQ/story01.htm Tyler Durden