Fed chair Yellen testifies on Capitol Hill. Brexit countdown and odds. Clash of Clans cashes in. Brazil’s biggest bankruptcy, say Oi. Drone rules. Drugs and doctors. PG&E to close Diablo Canyon. Financial Review by Sinclair Noe for 06-21-2016 DOW + 24 = 17,829 SPX + 5 = 2088 NAS + 6 = 4843 10 Y + .03 = 1.70% OIL – .52 = 48.85 GOLD – 22.30 = 1268.70 Federal Reserve chair, Janet Yellen, presented her semiannual testimony on monetary policy today before the Senate Banking Committee. In prepared remarks, Yellen said weak economic growth in the United States could force the Federal Reserve to hold off on any imminent interest rate increases. While the American economy’s long-term prospects remain favorable, Yellen signaled that headwinds in the form of slower employment gains in recent months, weak productivity growth and a sluggish pace of inflation have prompted the Fed to adopt a more cautious stance. Yellen said: “Proceeding cautiously in raising the federal funds rate will allow us to keep the monetary support to economic growth in place while we assess whether growth is returning to a moderate pace, whether the labor market will strengthen further, and whether inflation will continue to make progress toward our 2 percent objective.” Yellen stressed that monetary policy “remains accommodative” and that “if the economy were to disappoint, a lower path of federal funds rate would be appropriate”. Yellen tried to sound an optimistic outlook for the second half of the year, however, she warned ...