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Janet Yellen Slip Sinks Dow But Don't Overestimate the Comment

  • Aired: 1/19/2014
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Synopsis >

Fed Chairwoman Janet Yellen slips in her first press conference as head of the Central Bank as she says it could be six months between when the Fed ends its taper and when it will begin to raise the federal funds rate. Moody's Analytics economist Ben Garber tells TheStreet's Joe Deaux that investors shouldn't overestimate the effect of her comment as that period could change soon. Garber points out that Yellen wants markets to focus on the FOMC statement more than the economic projections.

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