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Market Updates

Market News Update: Yellen and Screamin’ at the Fed – How Bernanke’s Heir Apparent will Impact Real Estate

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nominationFrom Jason Payne, Market News Analyst …

Amid no shortage of political drama during recent weeks, President Obama nominated Janet Yellen to succeed Ben Bernanke as chairman of the U.S. Federal Reserve Bank – an important (and encouraging) development for investors of all stripes, including most real estate investors.

By nominating Yellen, the White House has not only selected a longstanding veteran of the Federal Reserve system, widely touted as being the most qualified individual ever picked to lead the central bank, but also extended – at least temporarily – the Fed’s “easy money”, accommodative, dovish strategy for regulating the U.S. financial system.

As the Fed’s current vice chairman, Yellen shares many of the same economic philosophies as her predecessor, and most analysts expect a generally seamless transition of leadership when Bernanke’s heir apparent takes the reigns on February 1, 2014…

…although these continue to be unprecedented…


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