Janet Yellen: New Federal Reserve Chair Person Testifies on Capital Hill Today

While Wall Street has been leaning toward the prediction that the Fed Policy of low interest rates and QE will soon be coming to a close sooner rather than later due to some recent better than expected economic data such as the jobs report last Friday November 8th, the Newly to be confirmed Federal Reserve Chair Person, Dr. Janet Yellen, explained in detail and defended the Feds Policy of low interest rates and monetary easing into the near future.

Dr. Janet Yellen 

Janet Yellen testified today on Capital Hill that the Feds policy was "the surest path to a more normal approach to monetary policy". For the struggling Real Estate Markets Nationwide that are still in recovery, this is Great news and led most to believe that any talks of interest rates hikes were not on the horizon for the foreseeable future. As a result the Equities Markets rallied higher, and interest rates trickled lower.

This is Great News for the Real Estate Markets as Interest Rates are at, and appear to be remaining, at Historically Low Levels, for now.

  

Janet Yellen on Capital Hill 11/14/13

Courtesy of CNBC Business News

 

If you are planning on Selling a Property or Buying a Property, please contact Joe Carrero for more information about his services at his Official Real Estate Web Site: www.InteroCarrero.com  

Joe Carrero

Silicon Valley & Bay Area 

Real Estate Specialist Since 1995