Economics
Powell Sidesteps GameStop Frenzy, Sees Vaccine Buoying Market
- Fed chair declines to comment on individual stock moves
- Says financial-stability vulnerabilities overall are moderate
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Federal Reserve Chair Jerome Powell sidestepped several questions about the one thing virtually all of Wall Street is buzzing about: the market implications of GameStop Corp.’s meteoric rise.
Powell refused to comment on any individual stock or a single-day move in the equity market, saying instead that financial-stability vulnerabilities overall are “moderate.”