Yellen Appointment at the Federal Reserve Seen as a Positive for Startups
The UpTake: Janet Yellen isn't expected to change the Federal Reserve's easy money policies much, and experts say that's good for the upstart economy.
Janet Yellen brings arguably more expertise and experience to the job of Federal Reserve chairman than anyone before her. But what does her appointment mean tot he upstart economy?
"My big picture view is that stability and the Fed's recent accommodative policies are good for the startup ecosystem," said Stash Jacobs, an attorney Miami-based Greenberg Traurig who works on mergers and acquisitions and funding deals for startups.