The U.S. Senate’s recent confirmation of Janet Yellen as the new Chair of the Federal Reserve System has removed one of the uncertainties regarding the future of our nation’s economy. It is believed that Ms. Yellen, previously the Vice Chair at the Federal Reserve, shares similar beliefs as her soon-to-be predecessor, Benjamin Bernanke, in terms of monetary policy. Most market observers suggest that Yellen’s appointment signals continued supportive monetary policies by the Federal Reserve, bolstering economic growth and benefiting states like Nevada where the unemployment rate remains stubbornly high. Others remain concerned, however, that a continuation of the current course leaves the nation at increased risk for higher interest rates.

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