Hoping Jerome Powell will be Wall Street's white knight? It's not the Fed's job to make the market 'comfortable' says Fed president
Briefly

We've got to be monitoring the real side of the economy: There's nothing in the Fed's mandate that's about making sure the stock market is comfortable. - Chicago Fed President Austan Goolsbee
The Fed should make an immediate 75 bp inter-meeting cut and follow that up with a 75 bp cut at the September meeting. - Wharton's professor Jeremy Siegel
In the short run, if the Fed does not indicate that it will react soon, the outlook is very unsettled. - Wharton's professor Jeremy Siegel
Read at Fortune
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