With the wild world of central bankers full of double-speak, counter-factuals and well-chosen anecdotes, statements of questionable sanity are not difficult to find. However, Dennis Lockhart, who has already done his optimistic economic damage to stocks this morning [3] just outdid himself. Speaking in his home town, the Atlanta Fed President stated confidently in the Q&A after his speech:
“One of the stupidest things a central banker could do is comment on the stock market."
Then added:
The stock market is not "a bubble in any way"
"Stupid" indeed, Mr Lockhart...
Fed Lockhart: “One of the stupidest things a central banker could do is comment on the stock market." But adds, he doesn't see a bubble.
— Michael S. Derby (@michaelsderby) January 13, 2014 [4]