Tuesday, June 23, 2026

The Fed and the Stock Market

Fed's bubble blind spot is cause for anxiety
https://www.reuters.com/commentary/reuters-open-interest/feds-bubble-blind-spot-is-cause-anxiety-2026-06-24/
New Federal Reserve Chair Kevin Warsh is unlikely to differ much from the late Alan Greenspan on how the central bank should deal with financial asset bubbles — and that legacy offers little comfort to anyone.


Can the Market Still Bet on the ‘Greenspan Put’?
https://www.wsj.com/economy/central-banking/can-the-market-still-bet-on-the-greenspan-put-f3e19238
The return of inflation after the pandemic has left a question mark over whether the Put still exists—and plenty of debate about whether it is a good thing. 

Related:
Have misguided policies led to recent asset bubbles and boom-bust cycles? BY VIVEKANAND JAYAKUMAR, The Hill - 02/16/21
https://thehill.com/opinion/finance/538921-have-misguided-policies-led-to-recent-asset-bubbles-and-boom-bust-cycles/