US Treasury Sec. Yellen: US economy well on the way to robust recovery

The United States' economy is well on its way to a robust recovery, US Treasury Secretary Janet Yellen said while testifying before the Senate Finance Committee on Tuesday, as reported by Reuters.

"Now is fiscally the most strategic time to make long-term investments," Yellen added.

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, the S&P 500 was flat on the day at 4,246 and the Dow Jones Industrial Average was losing 0.12% at 34,256.