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Fed's Yellen: Eventually will gradually stop reinvestments in balance sheet

More headlines keep hitting the wires, via Reuters, from Fed Chairwoman Janet Yellen's testimony at the semi-annual Humphrey Hawkins Testimony:

  • Fed committee wants to rely on short-term interest rates as much as possible
  • Says eventually will gradually stop reinvestments in balance sheet
  • Fed in coming months will be discussing Fed's investment strategy on its balance sheet

USD/JPY through 114.00 on Yellen

USD/JPY has advanced to session tops above the 114.00 handle on Tuesday, as the greenback met extra upside pressure following Yellen’s testimony. USD
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Fed's Yellen: Financial system much more resilient than it used to be

Fed's Chairwoman Janet Yellen is crossing the wires from the semi-annual Humphrey Hawkins Testimony, via Reuters, noting that financial system...
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