The Markets Love To Haze A New Fed Chair

On Monday, Janet Yellen will be sworn into office as chair of the Federal Reserve. This is an event that most market participants have been anticipating for around a year. But this doesn't mean the transition won't coincide with some volatility in the markets. Indeed, the past two weeks have seen markets around the world tumble and sink into the red for the year. We're not saying that Janet Yellen is to blame for any of this. However, the economists at UBS remind us that each of the last four Fe...