Fed Chair Jerome Powell Warned Investors About the Stock Market — President Trump's Tariffs Make the Warning More Dire
The stock market faces significant challenges in the near term, including high valuations, a weakening economy, and dismal consumer sentiment.
In September, Federal Reserve Chairman Jerome Powell warned investors, “Equity prices are fairly highly valued.” At the time, the S&P 500 (^GSPC +1.55%) was trading at 22.5 times forward earnings.