Fed’s Fischer Responds To Paul Tudor Jones

“We’re not terrified,” proclaimed a cognitively dissonant Stanley Fischer, responding to concerns raised by legendary trader Paul Tudor Jones over the stock market’s extreme valuation – the value of the S&P relative to the size of the economy – should be ‘terrifying’ to a central banker, Jones said earlier this month at a closed-door Goldman Sachs Asset Management conference, according to people who heard him.

This post was published at Zero Hedge on Apr 21, 2017.