Powell and Yellen agree valuations in the market may be high, but aren't worried about stability

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'I'm sure they've got an explanation and I'd like to know what it is,' SenToomey says. Watch him discuss what he plans to ask Yellen and Powell during today's Senate hearing.

in tax cuts, loans, grants and subsidies in the wake of the coronavirus pandemic and economic crisis, according to the Committee for a Responsible Federal Budget, a fiscal watchdog group.

While Fed chief Powell, 68, conceded that some parts of the market look rich, he said the nation's largest banks remain flush with cash and look otherwise healthy. Wall Street has grown increasingly concerned that the Fed will soon begin to signal that it will slow, or "taper," its purchases of U.S. Treasurys and mortgage-backed securities. That buying, which each month sums to billions of dollars' worth of bonds, is used by the Fed to stimulate the U.S. economy by keeping the financial system flush with cash.

 

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SenToomey way to drop the mass shooting story when you find out it didn't fit your narrative

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