The fed chair said. Thanks, brian. Janet yellen reinforcing her cautious for the u. S. Economy and emphasized the uncertainty of the brexit vote this thursday and the recent slowdown in u. S. Job growth and Global Economic weakness. A uk vote to exit the European Union could have significant economic repercussions. For all of these reasons the committee is closely monitoring Global Economic and financial developments and their implications for domestic Economic Activity, labor markets and inflation. She said the fed is prepared to act depending upon the Economic Impact they assess. Longer term they are optimistic the u. S. Economy will overcome the challenges. Scott wapner asked Senate Bank Committee chairman if yellen is doing a good job . Shes cautious and she should be cautious, but she should know what shes doing. Im not sure the fed knows what they are doing. As for what they seem to be doing now, the big takeaway from yellens testimony, it suggests a chair thats fine with the mar
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NEW YORK — U.S. stock indexes are mixed Thursday as technology stocks propelled by a blowout profit report from Nvidia work against weakness elsewhere in the market.
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