The U.S. Federal Reserve has been very good for investors in recent years. Will new chair Janet Yellen upset the cozy relationship?
Ms. Yellen took the top job at the central bank last month after Ben Bernanke stepped down. Under Mr. Bernanke’s aggressive stimulus policies, which included ultra-low interest rates and massive bond-buying programs, stocks enjoyed a bull market for nearly five years. The S&P 500 has risen more than 170 per cent from its low in 2009.