Janet Yellen did take the first step in the confirmation process to become the next chair of the Federal Reserve. Current vice chair of the central bank sounded positively dovish about the Fed`s easy money stimulus plans. She said the U.S. economy still needs the Fed`s help and that helped stocks today, but will it win over the support of lawmakers? That`s the question.
Hampton Pearson reports and Jeff Kleintop, chief market strategist at LPL Financial offers analysis on what investors can learn about what a Janet Yellen Fed could mean for the stock market.