Janet Yellen was answering at the "Finance and Society" conference in Washington DC from Christine Lagarde, the Director of the International Monetary Fund when she said:
"I would highlight that equity market valuations at this point generally are quite high," Yellen said. "There are potential dangers there."
However, she assured the audience that the Fed would keep its collective eye on banks and other financial firms to prevent any troubles. She said that this risk had already been moderated and that she saw no bubbles forming in the economy. OK
