Outgoing Fed Chair Yellen: Asset valuations are generally elevated, but don't want to call what we are seeing a bubble - PBS interview
- Made it clear I was ready to serve a second term, disappointed I was not reappointed Fed Chair
- Feel great about the economy, things are looking very strong
- In this tight labor market expect to see pace of wage growth edging up
- US financial system is resilient enough to absorb a new shock; banking system is stronger and better capitalized than prior to the financial crisis
- Process of gradual rate hikes is likely to continue