Alan Greenspan, then Chairman of the Federal Reserve, spoke in December 1996 about the “irrational exuberance” of investors in referring to equity valuations becoming stretched during the dot-com boom. Equities continued to rise for four more years before they were brought down by the 2001 recession and the aftermath of 9 / 11. The current Chairman got a ...
tweet: POWELL: US FISCAL POLICY IS UNSUSTAINABLE IN THE LONG RUN tweet: *POWELL: WE GOT A LOT OF PAYBACK THIS YEAR FROM RATE HIKES tweet: Powell: "The economy has repeatedly surprised us and all other forecasters." "The data will tell us whether we've done enough, whether we need to do more." "Let the data reveal the appropriate path. We don't need to be in a rush now." https://t.co/0s9cCieEPm tweet: FED'S POWELL: THERE IS A PATH TO GETTING INFLATION DOWN TO 2% WITHOUT LARGE JOB LOSS, AND WE ARE ON THAT PATH.