Ohhhh they are finally hinting at something that will soon be a reality. They are just saying hey we put the warning out there and now it's up to you to decide what to do because we aren't going to raise rates no matter how hot and steamy inflation numbers jump. Asset bubbles in every which direction, but not a worry in the world as everyone believes this is the norm that's going to stay for good. Little do they know about how upside down this economy is. Fed warns about potential for ‘significant declines’ in asset prices as valuations climb https://www.cnbc.com/2021/05/06/fed...t-declines-in-stocks-as-valuations-climb.html
So our weak/fragile economy that relies on massively rising debt & keeping interest rates over 5,000 years of human history may unwind in a tragic way. The ignorant Fed just now figured out what is obvious to anyone with a clue.
1. Stonks only go up. 2. Fed Governor Lael Brainard said the situation bears watching and points up the importance of making sure the system has proper safeguards. -- No pun intended XD
%% Bottom line off your article said ''biggest [FED] worry is virus related'' That must be why SPY went up LOL. Most governors dont think thats a risk. Student loan debt maybe insane; but good thing for the banks its not discharged in bankruptcy Haven't looked @ Dow lately, but that's no benchmark anyway. Silver /SLV jumped, cant say if its on Fed comments, but hard to call that a bubble, unless some are wanting to buy it/LOL
Fed quietly stepping away from the engulfed flames and letting the crypto step in to save the few last survivors of this long long train wreck they steered. And Brainard offers a small addendum to the liability contract. Pontius Yellen had washed her hands of it 2 days ago. Powell will bear the Cross all the way to the mount.