Yellen signals more stimulus ahead from Fed

Markets worldwide were lifted Thursday after Janet Yellen, President Barack Obama's nominee to head the Federal Reserve, told the Senate banking committee that she backs the central bank's support of the U.S. economic recovery. She disagreed with critics who say the Fed's bond-buying program is creating dangerous asset bubbles. Yellen said stock prices have increased robustly, but at such valuations, "you would not see stock prices in territory that suggests bubblelike conditions."

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