In the video interview, organized by the Federal Reserve Bank of Kansas City, Janet Yellen made a reservation - if something goes wrong, the Fed could easily start to buy stocks instead of bonds - on AMarkets materials.
Possible regeneration of monetary easing from the bonds in the QE QE shares - a moot point. Interestingly, the redemption of shares of the Bank of Japan through the ETF did not have some kind of pronounced effect on the cost of the private sector and the economy as a whole:
Any special effect on the stock market also was provided:
Yellen's rhetoric in the spirit "may, then, maybe it" proposal rather strange alternatives QE - a sign that the Fed is not ideas and some tools are more or less original to stimulate economic growth. What will happen to the stock market and bonds if the US Federal Reserve will continue to raise rates? Nothing good. However, this step will still need to take. Otherwise, side effects still tear formed financial bubbles. It is interesting that at such an alarming background, many analysts advised to buy gold and wait for its growth in the interval of three to six months.