Fed Chair Yellen’s First Congressional Testimony – Live Feed

We’ve seen the prepared remarks for both panels:

• Yellen – Fed ‘easy’ but staying the course on Taper
• Taylor – Fed policy is the problem
• McCloskey – Fed regulation has reduced Main Street access to banking
• Calabria – Fed exit strategy not credible; cause of instability, not cure
• Kohn – Fed independence at risk

So this morning’s “Monetary Policy and the State of the Economy” should be a somewhat contentious baptism of fire for Janet as the Q&A starts.

 

 

via Zero Hedge http://ift.tt/1bILVdX Tyler Durden