Outgoing Fed Chair speaking on CBS

The outgoing Fed chair Janet Yellen on the CBS Sunday morning news program said:

  • She's supportive of new Fed chair Jay Powell
  • Asset values are high, won't say there too high
  • The US banking system more resilient than in the past
  • Asset value drop wouldn't unduly damage core financial system
  • Would be grave mistake to roll back any regulations
  • Very hard to tell if certain markets are in bubble
  • Expansion can continue, recoveries don't die of old age

Does not go out on too far of a limb, but is not urging a recovery from the 666 decline on Friday