Wall Street and bubble fear, Powell (Fed): some parts of the stock market are ‘frothy, that’s a fact’

“Something happening on the stock markets reflects the presence of foam.” Fed number one Jerome Powell did not speak of a speculative bubble, but used the term froth ”, thus indicating the concern that, on the markets, stock prices have risen to levels higher than those supported by fundamentals.

Some parts of the market are “frothy” – Powell said in the press conference following the announcement of rates and other monetary policy tools, left unchanged – and this is a fact “.