Today (Friday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss the future of the Fed policy under incoming chairwoman Janet Yellen.
With the Dow Jones Industrial Average trading around 15,757, host Stuart Varney asked Robinson when he expects the index to reach 17,000.
Robinson's bullish - he said 17,000 will definitely happen in 2014. That's because, he explained, the underlying economy has a lot of strength. He pointed out two key numbers in the auto and housing markets that highlight the economic recovery.
But then Varney asked what Janet Yellen's Fed policy of continuing the quantitative easing (QE) program will do to the economy in 2014.
Watch the video as Robinson shares exactly what the Fed policy has done to our economic recovery - and what to expect in 2014, with Yellen in charge:
Check out Robinson's Holiday list of tech stocks to buy this year; these four industry leaders will bring mirth and cheer to investors...
Tags: Fed policy, fed policy announcement, fed policy announcement time, fed policy change, fed policy is a drag on the economy, fed policy rate, fed policy tools, fed policy update, will yellen hurt the economy, Yellen’s fed policy; economy in 2014; economy 2014; will fed policy hurt the economy
Will Yellen’s Fed Policy Stifle the Economy?
December 13, 2013 at 16:32 PM EST
Today (Friday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss the future of the Fed policy under incoming chairwoman Janet Yellen . With the Dow Jones Industrial Average trading around 15,757, host Stuart Varney asked Robinson when he expects the index to reach 17,000. Robinson's bullish - he said 17,000 will definitely happen in 2014. That's because, he explained, the underlying economy has a lot of strength. He pointed out two key numbers in the auto and housing markets that highlight the economic recovery.