MARKET DISTORTIONS
Reuters
Set to meet on the issue on Thursday, Yellen said on ABC's "Good Morning America" that she and financial market regulators were seeking to "understand deeply" what had happened in the frenzy before considering action.
What did Powell say about the Fed?
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Should I change my investing strategy for the long run?
Powell said that the Fed stands ready to continue supporting a full economic recovery, with the intent of holding off on any signs of tightening monetary policy until central bank officials have seen what he called "substantial further progress" toward returning to near-full employment and the 2% inflation target.
Is Janet Yellen in the position of Powell?
Those investing for the long run shouldn't necessarily change their strategies, but being aware that greater volatility could be ahead will prepare you for whatever comes next. Having a plan for whatever happens will be crucial if things don't play out for the economy or the markets the way everyone hopes they will.
Did Janet Yellen's comments cause a flash crash?
What the past and current Fed chairs said. As a former Fed chair herself , Yellen can certainly understand the position that Powell is in now. Yet it's important to point out that as part of the current administration, Yellen's role leading the Treasury involves a different mission and a different set of guidelines.
Does Dan Caplinger have a position in any of the stocks mentioned?
Their comments didn't incite a sudden flash crash, but they did give investors fair warning that they shouldn't expect the explosive gains that the market has given them over ...
Why did Wall Street get caught?
Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Prev.
What is the dollar index?
Wall Street initially found itself caught between a renewed rally for financial stocks — which tend to benefit from a higher interest rate environment — and a steep sell-off for utilities. Energy stocks also retreated sharply in spite of a rally for oil prices.
What is Yellow Corporation?
The dollar index — a measure of the US currency against a basket of peers — rallied to trade 0.3 per cent higher at 101.26, its highest level since late January.
Where is Yellow Corporation located?
About Yellow CorporationYellow Corporation has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities.
How much is EBITDA in 2021?
Yellow Corporation, headquartered in Overland Park, Kan., is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company HNRY Logistics.
