Forum Post: FED Warns Wallstreet, But Is It Listening?

On July 15 the head of the U.S. Federal Reserve, Janet Yellen, announced during a Senate hearing about the current economic outlook that certain asset markets were overvalued. The charges mark a potential revolution in how central banks across the world will conduct their affairs. In her testimony, Yellen noted that valuations for low-rated “junk bonds” or corporate debt “appear stretched,” while “issuance has been brisk.” Similarly, in its full monetary policy report released the same day, the Fed said stocks for some social media and biotech industries appear significantly overvalued."

• See more at: http://www.occupy.com/article/federal-reserve-targets-asset-bubbles-warning-wall-street-%E2%80%93-it-listening#sthash.4fmH6XS4.dpuf