A piece from Bloomberg on the chorus from the Fed on stock prices:
- Fed Chair Janet Yellen, Vice Chair Stanley Fischer and San Francisco Fed President John Williams on Tuesday all acknowledged that valuations in equity and other asset markets had risen noticeably in recent weeks.
- "Financial arguments are starting to take more life," said Stephen Stanley, chief economist at Amherst Pierpont Securities. "While you will never hear the Fed say they have lifted rates because of this, it is certainly weighing on the decision calculus in a way it wasn't six or nine months ago."
Read it before the end of our lifetimes :-D (Here is what Yellen actually said on no financial crisis in our lifetimes)