Yellen, the 'Determined Dove', and its Impact on Markets

Dr. Michael A. Yoshikami, Founder and Chief Executive Officer, Destination Wealth Management in San Francisco, discusses Fed Chair Janet Yellen?s testimony to Congress in terms of clarity over its QE exit strategy and the current regime of ultra-low rates. He also discusses Yellen's comments view on monetary policy facing "significant limitations" as a tool to promote financial stability, and his view regarding the timeframe when Yellen begins tightening. He also discusses current market sentiment in light of Yellen's latest dovish statements.