Yellen leans dovish in prepared confirmation hearing remarks

|By:, SA News Editor

As rumored, the Janet Yellen's prepared remarks for tomorrow's Senate confirmation hearing are out early and they lean dovish.

"Unemployment ... is still too high ... At the same time, inflation has been running below the Fed's goal of 2% and is expected to continue to do so for some time."

"I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy."

The dollar is selling off a bit more - UUP -0.15% AH - and Treasurys are adding to nice day-session gains. TLT +0.15% AH.

Dollar ETFs: UDN, UUPT, UDNT

Treasury ETFs: TBT, TLT, TMV, SHY, IEF, TBF, PST, EDV, TTT, TMF, ZROZ, TLH, SBND, IEI, TYO, DLBS, DTYS, VGLT, UST, SHV, BIL, UBT, TLO, TBX, VGSH, VGIT, GSY, LBND, FSA, DTYL, SCHR, TYD, SCHO, ITE, TYBS, TENZ, TUZ, FIVZ, DTUL, SST, DTUS, TBZ, DFVL, DLBL, DFVS, TYNS