Back in the 90s a Fed chief warned about 'irrational exuberance' in the markets. Stocks rose 105% over the next 4 years

business • 9/30/2025

Even if Fed chairs see a market that's overvalued, that doesn't mean a crash is near.

The headlines were sparked by a Powell appearance where he was asked, after his speech, if today’s record-high stock prices affect Fed policy. He answered, “We do monitor that, but we’re not targeting any level of prices for particular financial asse... [2392 chars]