Will Yellen’s Fed Policy Stifle the Economy?

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Today (Friday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss the future of the Fed policy under incoming chairwoman Janet Yellen.

With the Dow Jones Industrial Average trading around 15,757, host Stuart Varney asked Robinson when he expects the index to reach 17,000.

Robinson's bullish – he said 17,000 will definitely happen in 2014. That's because, he explained, the underlying economy has a lot of strength. He pointed out two key numbers in the auto and housing markets that highlight the economic recovery.

But then Varney asked what Janet Yellen's Fed policy of continuing the quantitative easing (

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