In the most recent episode of What Are Your Thoughts, Josh said, “The Fed is managing stock market sentiment more than it’s managing its mandate”
Fact check, maybe?
I know people will see this quote as proof of something, but I really don’t think this is controversial. I mean, why wouldn’t he watch markets very carefully?
There are plenty of investors who agree with Josh that the Fed’s real mandate is stable (stock) prices. I don’t know if I buy that, but even if Powell isn’t consciously taking the stock market into consideration when making decisions, is it possible that he can watch carefully and not be influenced by them? I don’t know if I buy that either.
