Summary
- Jerome Powell, Chair of the U.S. Federal Reserve, said in a speech held in Warwick, Rhode Island, that stock market valuation is already quite high.
- Powell's remarks were interpreted as reflecting concerns that the recent stock market strength may be a sign of overheating relative to fundamentals.
- However, Powell did not mention any specific outlook for a correction or policy implications.
According to Walter Bloomberg, the economic breaking news channel, on the 23rd (local time), Jerome Powell, Chair of the U.S. Federal Reserve (Fed), said in a speech titled 'Economic Outlook' held in Warwick, Rhode Island, "stock market valuation is already at a considerably high level." Powell's remarks were interpreted as reflecting concerns that the recent stock market rally may be a sign of overheating relative to fundamentals. However, he did not mention any specific prospects for a correction or policy implications.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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