Well of course he wouldn't see asset bubbles. No fed member ever sees asset bubbles, they don't exist in the fed world. Fed’s Bullard doesn’t see asset bubble and doubts policy will tighten soon https://www.cnbc.com/2021/02/16/fed...bble-and-doubts-policy-will-tighten-soon.html
You will like this interview from a couple of weeks of go: Calmly explains things, just talking common sense
bubbles are trading opportunities. traders fear bubble actually. It is not because the traders would be losing tons of money. When the bubble bursts, there would be very heavy traffic. Charting software & trading platform would freeze, and the market would move erratically resulting in traders unable to earn tons of money.
The FED has $12 trillion economy to manage and 7% unemployment mandate to care about; probably, they don't really care much for the stock markets; they're indicators, but they're not really the economy; big money is moving out of safety!
They're going to inflate the fuck out of it. He's not blind or stupid. He's just playing dumb because he's a puppet at this point.