- Kentucky city called socialist for buying gas station, undercutting competitor fuel prices
- Israel hits five mosques, sports complex in overnight Gaza strikes
- Hillary Clinton dogged for refusing reporters’ questions on book tour
- EPA tweet baffles: ‘I’m now a C-List celebrity in Kim Kardashian: Hollywood’ iPhone game
- Australian P.M. Abbott: MH17 evidence tampered with on ‘industrial scale’
- Rep. Luis Gutierrez tells Hispanics to vote and ‘punish those’ who oppose amnesty
- Country singer Tim McGraw not sorry for slapping female fan: ‘Things happen’
- Iraq vet cited for owning 14 therapeutic pet ducks
- White House takes credit for drop in unaccompanied children at border
- International crises be damned, Obama’s fundraising trip must go on
Fed nominee Janet Yellen objects to audit of monetary meetings
Question of the Day
“Stock prices have risen pretty robustly, but if you look at traditional measures” such as price-earnings ratios, which factor in record-high corporate profits, “you would not see stock prices in territory that suggests bubblelike conditions,” Ms. Yellen said.
Ms. Yellen said she would not hesitate to use the Fed’s regulatory and monetary powers to curb dangerous market bubbles in the future, if necessary, however, and she said the Fed also would remain vigilant against risky practices by banks which could lead to another financial crisis like the one that caused the Great Recession in 2008.
“This is the most important lesson learned from the financial crisis,” she said.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
- Economists see signs of another market bubble
- Crude oil will head north of the border to Canada
- S&P: Boeing to suffer if Ex-Im Bank killed
- U.S. job gains, unemployment dip push markets into record territory
- Unemployment falls to 6.1 percent amid U.S. hiring surge
Latest Blog Entries
TWT Video Picks
U.S. appetite for drugs begets violence migrants are fleeing
- IRS seeks help destroying another 3,200 computer hard drives
- Jewish woman booted from JetBlue flight over fight with Palestinian
- YOUNG: A sinking presidency, deeper after November?
- PRUDEN: A deadly enemy within exacerbating immigration crisis
- Edward Snowden to work with Russia on anti-spy technology
- MERRY: Handicaps in Hillary's way
- U.S. scrambles as violence escalates in Israel-Hamas conflict
- Humanists seek support from Congress on military chaplains
- Rep. Jared Polis' anti-fracking crusade riles Colorado
- Big milestone for Britain's little prince
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq