Yellen says Fed to stay course on taper

[princess_morbucks]

http://www.straitstimes.com/breaking...taper-20140211

WASHINGTON (AFP) - New Federal Reserve chair Janet Yellen said on Monday that she had no plans to change monetary policy from that mapped out by her predecessor Ben Bernanke.
In her first comments on the US central bank's path forward after she took the helm on February 1, Ms Yellen said the Fed would continue to slowly reel in its huge stimulus while keeping a close eye on the labour market, where recovery remains "far from complete".
“I expect a great deal of continuity in the FOMC’s approach to monetary policy,” she told the Financial Services Committee of the US House of Representatives, referring to the Fed’s policy body, the Federal Open Market Committee.
“I served on the committee as we formulated our current policy strategy and I strongly support that strategy,” she said, according to the prepared text of her testimony.

[lionhill]

always remeber that Yellen represents Wall Streets more than US goverment or US people.

[phantom_opera]

She and Bernanke form the support line of S&P500



bullish!!!

[cbsh38584]

http://www.straitstimes.com/breaking...taper-20140211

WASHINGTON (AFP) - New Federal Reserve chair Janet Yellen said on Monday that she had no plans to change monetary policy from that mapped out by her predecessor Ben Bernanke.
In her first comments on the US central bank's path forward after she took the helm on February 1, Ms Yellen said the Fed would continue to slowly reel in its huge stimulus while keeping a close eye on the labour market, where recovery remains "far from complete".
“I expect a great deal of continuity in the FOMC’s approach to monetary policy,” she told the Financial Services Committee of the US House of Representatives, referring to the Fed’s policy body, the Federal Open Market Committee.
“I served on the committee as we formulated our current policy strategy and I strongly support that strategy,” she said, according to the prepared text of her testimony.

New Federal Reserve chair Janet Yellen is saying that don't TRUST me too much. I can change my " Tapering statement" anytime I feel there is a need to. Only trust FEAR which is your close friend.

I have bought one blue chip stock using CPF last week before the ADP jobs report was out when there is some "FEAR", not extreme FEAR which I would prefer. If the extreme fear will to come (don't know when), I may switch some of the bond holding into blue chip stocks. Just be patience.



rdgs,
Vic