New Fed Chairman (Chairwoman) Yellen's first maiden speech to Congress signals continuity of "Tapering"....... Wednesday, 12 February, 2014 6:22 AM
Posted by Kevin Scully New Fed Chairwoman Janet Yellen's maiden speech to Congress signals that the Fed would continue with its "Tapering" initiatives. I am happy with this as what stock markets need is clarity and consistency in their policies so that investors can make informed decisions. Her announcement is inline with my expectations that subject to a major crisis some where including the US, the Fed is likely to continue "Tapering" until QE 3 ends - I expect some time in Q3 2014. Yellen did indicate that the Fed was watching factors around the world including what was happening in Latin America but did not see this as being significant enough now for the Fed to change its "Tapering" course.
The continuance of "Tapering" supports my view of ...
...
