Powell: Asset Prices Elevated by Many Metrics ($SPY, $QQQ) Amid Market Resilience

Federal Reserve Chair Jerome Powell stated that asset prices are elevated by many metrics during a recent address. He emphasized the importance of assessing asset prices, leverage, and funding risk from a financial stability perspective. Powell acknowledged the resilience in the market despite the elevated asset prices, suggesting that while concerns about a potential stock market bubble exist, the overall market remains robust. His comments come amid ongoing discussions about the state of the economy and the implications for monetary policy.