Yellen: Fed doen’t need to buy equities

Yellen says the Fed doesn’t need to buy equities now, but Congress should reconsider allowing it

Former Federal Reserve Chair Janet Yellen thinks the central bank is not in a position where it needs to buy equities but thinks lawmakers should give them more leeway for the future. “It would be a substantial change to give the Federal Reserve to buy stock,” Yellen told CNBC’s Sara Eisen on ” Squawk on the Street.”

By Miki

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