Is the Fed Reacting Strongly to the Financial Markets?

Powell: The fed will need to react strongly, but i would take issue with the notion of strongly. We're an incredibly low interest rates, incredibly high valuations for all assets. But differently, we have incredibly easy financial conditions. For the real economy, he can lean against financial conditions, and wall street will cry pain,. But the economy is fundamentally very strong and not as sensitive now, in a post covet world, to the financial markets as it was prior because we have physical polici supporting the economy now.