Yellen Convenes Meeting to Probe GameStop Volatility and Ensure ‘Markets Are Functioning Properly’

Yellen Convenes Meeting to Probe GameStop Volatility and Ensure ‘Markets Are Functioning Properly’
Treasury Secretary and former Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, on Dec. 13, 2017. Jonathan Ernst/Reuters
Tom Ozimek
Updated:

Treasury Secretary Janet Yellen said she will hold a meeting Thursday with top financial market regulators to discuss recent trading volatility that saw shares like GameStop soar, fueled by online communities seeking to build buying momentum and profit from heavily shorted stocks.

“We really need to make sure that our financial markets are functioning properly, efficiently, and that investors are protected,” Yellen told ABC’s “Good Morning America” on Thursday.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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