The Latest Breaking News from Jerome Powell

Germany’s business sentiment fell in September, raising doubts over recovery despite fiscal stimulus. Execution delays, labour shortages, and sector bottlenecks risk dragging on growth. Meanwhile, European stocks trail Wall Street as investor focus shifts.

Investors are wary of any sign that the Fed thinks “irrational exuberance”—as former Fed chair Alan Greenspan once called it—has kicked in.

Amid growing speculation about a potential market bubble, Federal Reserve Chair Jerome Powell acknowledged that “by many measures… equity prices are fairly highly valued”. His comments on Tuesday came as multiple key valuation metrics reached levels not seen since the dot-com crash.

Asian shares are mostly declining, following a drop on Wall Street, as Federal Reserve Chair Jerome Powell said that stock prices were “fairly highly valued.”

Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz said in an interview aired Tuesday that the political landscape could influence the cryptocurrency cycle, depending on President Donald Trump’s choice for the next Federal Reserve Chair.

Australian shares fell 0.9 per cent, giving back most of three days of gains, after an inflation readout dashed any remaining hope of an RBA rate cut next week.

Equities wavered Wednesday following a down day on Wall Street, where worries about high valuations were compounded by mixed messaging from the Federal Reserve on its plans for interest rates.

Inflationary pressures continue to mount, reemerging as the top concern among economists and market watchers, who place the blame squarely on President Donald Trump’s trade and tariff policies.

Leading cryptocurrencies failed to breakout on Tuesday, while stocks pulled back from highs, as Federal Reserve Chair Jerome Powell issued a cautionary note.