That was the worst thing he could have done. He should have kept his mouth shut........And the Fed should not have raised interest rates.
If I didn't know better, I'd say the deep state was involved here........
As one who has followed actions for 5 decades, in my honest opinion this FED is doing exactly the right thing. Stocks are tanking for one reason more than any other, which is they were grossly over-valued due to the stupid ZIRP policy of previous 2 FED chairs. (Zero Interest Rate Policy).
To come down to AVERAGE VALUATIONS of previous 100 years, stocks need to decline another 30%.