Fed’s Yellen: Unconventional Fed policies bring unintended risks

Source: www.forexlive.com

San Francisco Fed president Janet Yellen says that the recent rise in Treasury yields is disconcerting if they reflect inflation fears. She also says monetary policy can play a role in popping asset bubbles. Yellen is usually thought of a an inflation dove but today she sounds relatively middle of the road, even central bankerly. She says she is unconvinced by concerns that the Fed will have problems unwinding its credit programs.


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