Yellen Ends Tenure With Concerns About Commercial Real Estate Pricing, Future Deregulation

On the eve of her last day as Federal Reserve Chair, Janet Yellen told CBS’ “Sunday Morning” that U.S. stocks and commercial real estate prices are running hot.
Yellen expressed concerns regarding the elevation of asset valuations and warned that rolling back regulations placed on banks after the last recession would be a mistake, Bloomberg reports. The statement came on the heels of the incoming Fed chair, Republican Jerome Powell, being sworn in Monday after serving as Federal governor since 2012.

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Posted Under: CBOR News