Janet Yellen speech: Stock valuations are at high end of historical levels

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes found below.

Fed is trying to think through how economy would be impacted if there were a reassessment of stock valuations; nothing flashing red or possibly even orange.

Stock valuations is on the list of risks for Fed; not a major factor.

Stock valuations are at high end of historical levels.

With respect to bitcoin, Fed tries to ensure regulated banks are meeting anti-money laundering responsibilities.

Key notes

Fed hikes and threatens more - ING.

James Knightley, Senior Economist at ING, explains that the Fed “dots” show a strong consensus for 3 hikes next year.

Buy the Fact: Gold jumps after Fed rate hike.

Gold (XAU/USD) jumped to a one-week high of $1255.44 after the Fed hiked rates by 25 basis points as expected and kept the interest rate dot plot unchanged.

About Janet Yellen

Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.