Wall Street Reacts As Yellen Gives Upbeat Talk On Economy

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Federal Reserve Board Chair Janet Yellen speaks during a news conference June 15, 2016 in Washington D.C. (Alex Wong/Getty Images)
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Stocks rose in early trading Friday following two days of declines after Federal Reserve Chair Janet Yellen gave an upbeat assessment on the U.S. economy.

Yellen said the Fed is moving toward raising interest rates, but she stopped short of signaling any timetable for the next rate hike.

Here & Now’s Meghna Chakrabarti talks with Bloomberg’s Mike Regan about the speech and what it means for the markets.

The Associated Press contributed reporting to this article.

Guest

Mike Regan, columnist for Bloomberg Gadfly. He tweets @Reganonymous.

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