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  • Statement by Janet L. Yellen before the Committee on Banking, Housing, and Urban Affairs

    From senate.gov Story is in PDF Format

    Chairman Crapo, Ranking Member Brown, and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks today I will briefly discuss the current economic situation and outlook before turning to monetary policy. Current Economic Situation and Outlook Since my appearance before this committee in February, the labor market has continued to strengthen. Job gains have averaged 180,000 per month so far this year, down only slightly from the average in 2016 and still well above the pace we estimate would be sufficient, on average, to provide ... (full story)

We have witnessed worsening volatility since Janet Yellen started making statements yesterday.

It seems investors worldwide are simply shaking now...waiting for what may happen (in August?) even when we have such SERIOUSLY BOLD words from Yellen as seen at...

http://www.businessinsider.com/yellen-just-gave-banks-a-secret-hint-to-pay-100-billion-in-dividends-2017-7

QUOTE

U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash.

UNQUOTE
time for enjoye the tea
Quoting swing77
time for enjoye the tea
that's exactly what I was planning to do. She is talking too much . On the other hand yesterday triggered the equity rally
Bla bla bla, why are the markets in these last weeks moving in base of every word they speak?
Seems like that people care more about a word than a fact.
is clear to me. things are better in usa then anywhere else, so sell eur usd
If you sold USDCAD right when this started, you are a happy trader. When there is a federal reserve talk in the US, just look at the countries which have strong ties with the states.

If you do not agree, please tell me why, I am here to learn (steal knowledge mouahaha)
Quoting swing77
time for enjoye the tea

i think Yellen also take tea break as well as market also take a tea break ?
Quoting gvsee
Bla bla bla, why are the markets in these last weeks moving in base of every word they speak? Seems like that people care more about a word than a fact.
I think the emotions of the traders around the world are taking control. This is because the market has been so slow and unpredictable during quite long time now. Traders are just looking for a good reason and facts to make an entry. Since ther is no reason and no facts, people can take any BS coming from whoever's mouth as a fact. There you have the result - a choppy market.

Just MO
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting Andrei2090
If you sold USDCAD right when this started, you are a happy trader. When there is a federal reserve talk in the US, just look at the countries which have strong ties with the states. If you do not agree, please tell me why, I am here to learn (steal knowledge mouahaha)
Cad increased their interest rates... thats why it dropped so much...
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