Fed’s Yellen says ‘some parties are reaching for yield’

There isn’t much to chew on from the latest comments from Fed #2 Janet Yellen but she talks about asset bubbles, noting that low interest rates may prompt ‘too much leverage’. She concludes by saying she doesn’t see pervasive evidence of rapid growth in credit, leverage or bubbles.

Yellen also stressed the importance of Fed guidance but didn’t offer anything new on her outlook for the economy.