Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017.
Jonathan Ernst | Reuters
Treasury Secretary Janet Yellen told CNBC on Thursday that there could be parts of the U.S. stock market in which investors should exercise caution.
In an interview that aired on “Closing Bell,” Yellen said she believes higher equity valuations are understandable given the accommodative monetary policy from the Federal Reserve.
“Well, partly we’re in a very low interest rate environment,” Yellen said. “And while valuations are very high, in a world of very low interest rates, price earnings, tight…
Source cnbc.com