Yellen continues to answer questions
- Tech and globalization are harmful to a large share of workers
- Low inflation expectations could make low inflation endemic
- Productivity growth has been slow, incomes stagnant
This has been a major dud so far. The market is focused on the failure of the Senate to bring a healthcare vote this week.
- Yellen: "The distribution centers like Amazon, I believe, are hiring lots of people"
Are they? They're building lots of robots.
- Won't comment on stock values but some standard measures of asset values are high