Business

Yellen Hits Home Run with Wall Street

Traders on Wall Street liked what they heard from new Federal Reserve Chair Janet Yellen, and went on a buying spree. All the major indices tacked on at least one percent as stocks enjoy their first four-day stretch of gains this year. In her first public Congressional testimony as Fed chief, Janet Yellen stressed she will stay the course. Her comments remove any doubt on Wall Street as to where U.S. central bank policy is heading, says Jim Bianco of Bianco Research.

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