A Fed official called the stock market’s plunge ‘small potatoes’ — but those comments miss the point
|02/09/2018||Posted by BusinessMediaguide.Com under General World News||
- Wall Street has some trust issues with the Federal Reserve — they don’t quite believe the central bank’s indication that it will keep rates low even as the economy recovers.
- A sharp reassessment of expectations for Federal Reserve interest rate hikes has helped drive the market’s steep losses.
- Officials have so far dismissed the market’s turbulence as a natural and perhaps even healthy adjustment for a stock market that had rallied very far very fast.
- Roberto Perli, a former Fed economist and founder of Cornerstone Macro in Washington says the comments “miss the point, because they treat recent market action as if read more >>>