Ms. Yellen faced tough questioning about financial regulation from several Democratic senators. The sharpest questions closed the hearing.
Senator Elizabeth Warren, the Massachusetts Democrat, asked Ms. Yellen whether JPMorgan Chase had complied with a legal requirement to provide the Fed with a credible plan for its orderly dissolution, should that become necessary.
“Can you honestly say that JPMorgan could be resolved in a rapid and orderly fashion with no threats to the economy and no need for a taxpayer bailout?,” Ms. Warren asked.
When Ms. Yellen avoided the question, Ms. Warren persisted, “Have they ever gotten to a plan that you can say with a straight face is credible?”
Ms. Yellen demurred again and the hearing ended.
Ms. Warren walked over to Ms. Yellen and kissed her cheek. The two women laughed, and chatted, and left.
PAR what do u think, risk-wise , of selling usdyen here for 101.40 trgt with 20 pip stop ?
PAR16:41:47 GMT - 07/15/2014
Evidence long term unemployed are finding jobs , part time jobs .
dc CB 16:28:25 GMT - 07/15/2014
tomorrows House Q&A may be a bit more rambunctious
dc CB 16:11:44 GMT - 07/15/2014
Eliz Warren asks Yellen about TBTF and with a 5 minute time limit....annnnnnnd .......Meeting's over.
PAR15:55:44 GMT - 07/15/2014
Everything is complicated so we can not raise rates.
PAR15:51:20 GMT - 07/15/2014
The bigger the banks , the better , because they can then pay $ 250.00 for an ex fed speachers .
Inflation will never be a problem as we can manipulate inflation figures.
We have such a big balance sheet hat we have everyting under control.
I kow everything on beforehand because I chair the FED .
Mtl JP 15:32:12 GMT - 07/15/2014
Google’s new initiative, dubbed “Project Zero,” aims to hunt cyber-threats and identify potential vulnerabilities on the Web that could be exploited by “criminal or state-sponsored” actors...
-
Google the good?
GVI Forex john 15:21:15 GMT - 07/15/2014
red that is the 10-yr gilt? We had it at 2.610% BEFORE the hotter than expected inflation figures earlier today. GBP up vs the USD and EUR.
london red 15:18:39 GMT - 07/15/2014
2.585/59
GVI Forex john 15:17:59 GMT - 07/15/2014
10-yr now pushing 2,57% level as Yellen continues.
london red 15:17:13 GMT - 07/15/2014
10 year approaching res at 2.685/2.69 so probably done for day still not bad for a spin on essentially the same statement.
Mtl JP 15:08:50 GMT - 07/15/2014
10-yr now yielding 2.56%
still a pittance
dc CB 15:06:12 GMT - 07/15/2014
one meaning.
if you believe what you are saying is the truth, you are indeed telling the truth, even if you're not.
Mtl JP 15:00:14 GMT - 07/15/2014
which does the "Honorable" prefix imply in the US ?
1. not disposed to cheat or defraud; not deceptive or fraudulent
2. worthy of being honored; entitled to honor and respect
3. used as a title of respect
4. adhering to ethical and moral principles
5. deserving of esteem and respect
GVIForex Jay Meisler 14:57:15 GMT - 07/15/2014
As posted on GVIForex by one of its valued members
Mkts seem to be reacting now to her comment that Fed's consensus view on rates is higher than what mkts are currently pricing in.
kl fs 14:56:31 GMT - 07/15/2014
sell euro on bounces today, at least it is below 1.36 now
kl fs 14:50:38 GMT - 07/15/2014
now euro finally going down
dc CB 14:44:58 GMT - 07/15/2014
Janet sez Long Term Unemployment is going down because long term unemployed are finding jobs, not because they are giving up and dropping out.
london red 14:25:27 GMT - 07/15/2014
latest spin...following carney mansion with veiled message that markets not anticipating earlier rate rise
london red 14:15:27 GMT - 07/15/2014
comments re continued labour market gains resulting in meeting dual objectives the only positive spin for dollar bulls.
GVI Forex john 14:14:46 GMT - 07/15/2014
Yellen reading her prepared text. Its already been released.
Bottom-line she is keeping her dovish posture as widely expected.
10:00 (US) Fed Chair Yellen: Economy is continuing to improve but recovery is not yet complete, high degree of monetary accomodation remains appropriate - Congressional testimony
- rates would be more accomodative if the economic performance is disappointing
- inflation has moved up in recent months - some valuations seem stretched in some sectors such as low rate corporate debt; real estate, equities and corporate bonds valuations within historical norms
- slack remains in labor markets and have only seen slow wage growth
- remain worried about the slowdown in the housing recovery
- rates could increase sooner and faster if the labor market continues to improve faster than was expected
- Source TradeTheNews.com
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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