Yellen continues to answer questions

  • Tech and globalization are harmful to a large share of workers
  • Low inflation expectations could make low inflation endemic
  • Productivity growth has been slow, incomes stagnant

This has been a major dud so far. The market is focused on the failure of the Senate to bring a healthcare vote this week.

  • Yellen: "The distribution centers like Amazon, I believe, are hiring lots of people"

Are they? They're building lots of robots.

  • Won't comment on stock values but some standard measures of asset values are high