Yellen: Positive About Progress in Ending ‘Too Big to Fail’

Federal Reserve Chair Janet Yellen on Thursday touted the strength of the United States economy, rebuffing political rhetoric suggesting a bubble is ready to burst.

“I certainly wouldn’t describe this as a bubble economy,” Yellen said, noting a “healing” labor market and a 5 percent headline unemployment number.

Yellen appeared on a panel with former Fed Chairs Ben Bernanke, Paul Volcker and Alan Greenspan at the International House in New York. The U.S. central bank heads discussed the U.S. economy and monetary policy around the globe.

Yellen’s comments come soon after Republican presidential contender Donald Trump’s contention that an economic bubble could burst. Yellen noted that she did not see “imbalances” like “clearly overvalued” asset prices.

CNBC

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.