AMC Entertainment Holdings (AMC), Gamestop Corp. (GME) - Fed Chair Powell In Response To GameStop, Dogecoin Mania Says He Sees 'Froth In Equity Markets'

U.S. Federal Reserve Chairman Jerome Powell said he sees some “froth” in equity markets and it is not just due to the central bank’s accommodative monetary policy.
What Happened: During a virtual press conference on Wednesday after the Fed’s monetary policy meeting, Powell said that vaccination and reopening of the economy are also factors contributing to the froth in the capital markets.
Powell was responding to a question regarding financial stability from Brian Chung, a reporter with Yahoo! Finance.
Chung noted that amateur people who might not follow finance daily are paying attention to
GameStop Corp. (NYSE:GME) and meme cryptocurrency

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