3 Things to Know About Janet Yellen's Speech to Congress

Now watching

Next video starts in : 7 Play

3 Things to Know About Janet Yellen's Speech to Congress

3 Things to Know About Janet Yellen's Speech to Congress
Replay video
Up next

Corinthian Colleges Ceased Operations on 28 Physical Campuses

Unlock your personal NFL Now stream by signing in to NFL.com

3 Things to Know About Janet Yellen's Speech to Congress

by TheStreet 1:49 mins

3 Things to Know About Janet Yellen's Speech to Congress

by TheStreet 1:49 mins

Federal Reserve Chairman Janet Yellen on Tuesday addressed the Senate Banking Committee as part of her semi-annual address to Congress. TheStreet's Joe Deaux reports from Washington that the Fed head didn't provide any shocking updates to monetary policy, which is important for investors to know. Additionally she spoke about the huge drawbacks to long-term unemployment and why unemployment benefits are a critical safety net for them. She also addressed the rising worries about inflation and said the central bank isn't currently concerned about longer-run inflation projections.

TheStreet

Market Movers

  1. 14:30

    Nasdaq set to top record; Apple Watch deliveries; Comcast abandons merger

  2. 2:38

    Cablevision to offer 'cord cutters' package

  3. 3:40

    Comcast abandons Time Warner Cable merger

  4. 1:24

    Chipotle begins delivery

  5. 2:06

    Amazon hits new high; Google, Microsoft and Starbucks zoom higher

  6. 11:31

    Big earnings day; Facebook investors 'unlike'; cable merger woes