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Yellen Says Prices `High' for Stocks, Commercial Real Estate

  • Outgoing Fed chief disappointed to leave, supportive of Powell
  • Banking system ‘more resilient’; rules shouldn’t be undone
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Bloomberg’s Enda Curran reports on Janet Yellen’s remarks regarding stock and commercial real estate prices.(Source: Bloomberg)
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Outgoing Federal Reserve Chair Janet Yellen said U.S. stocks and commercial real estate prices are elevated but stopped short of saying those markets are in a bubble.

“Well, I don’t want to say too high. But I do want to say high,” Yellen said on CBS’s “Sunday Morning” in an interview recorded Friday as she prepared to leave the central bank. “Price-earnings ratios are near the high end of their historical ranges.”