Fed's Goolsbee Says Nothing In Fed's Mandate About Stock Prices; I Hope Markets Remain Sober; SVB Bet The Market Was Right On Fed, Bet Against The Fed - A Terrible Idea; Central Bankers Have To See Through The Markets Ups And Down
Portfolio Pulse from Happy Mohamed
Fed's Goolsbee stated that the Federal Reserve's mandate does not include stock prices and expressed hope for market sobriety. He criticized SVB's decision to bet on the market's rightness about the Fed, calling it a terrible idea. He emphasized that central bankers should see through market fluctuations.
June 30, 2023 | 4:30 pm
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NEGATIVE IMPACT
SVB's decision to bet on the market's rightness about the Fed was criticized by Goolsbee, which could negatively impact investor sentiment.
Goolsbee's criticism of SVB's betting strategy could lead to a decrease in investor confidence in the company, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80