- Israel hits symbols of Hamas rule; scores killed
- Mississippi abortion law can’t be enforced
- Teacher who survived Sandy Hook has book deal
- Jury awards Jesse Ventura $1.8M in case vs. ‘American Sniper’ author Chris Kyle
- Middle Eastern firm’s deal to manage U.S. cargo port raises security concerns
- Bob McDonnell’s defense: Lonely wife developed ‘crush’ on CEO
- Chinese hackers stole ‘huge quantities’ of sensitive data on Israel’s Iron Dome
- House Republicans unveil bill to speed deportations of border children
- Californians protest middle school for hiring white man to teach cultural studies
- Killer’s sentencing overturned because mother couldn’t find seat in courtroom
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.
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