Ya think?
Accommodative monetary policy could spark a buildup of leverage and excessive risk taking, new Fed vice-chair Yellen says. The view that financial markets self-correct and tend toward equilibrium was left in tatters by the financial crisis, she says.
Nothing really earth-shattering in the remarks but it sounds as though she might be at least a wee-bit skeptical about more QE rather than a rubber stamp for whatever the Chairman wants to do, reading way between the lines…
